Ucits V

Custodian banks, AIFMD and UCITS V

We spoke to HSBC's head of product solutions - regulatory change, Paul Ellis, about how the bank managed the implementation of UCITS V and the similarities with getting over the line with AIFMD, how this directive has impacted custody arrangements

Posted on: 20 Apr, 2016

Safekeeping Questions

09 Jun, 2015

The £126 million fine levied by the UK Financial Conduct Authority (FCA) on BNY Mellon in April for breaches of the rules on the safekeeping of client assets was the latest in a series of similar sanctions.

Investors advised to review managed account custodian contracts

Institutional investors have been urged to carefully monitor the custodian agreements they have signed if they invest in a managed account or fund of one that is not subject to the Alternative Investment Fund Managers Directive (AIFMD) or UCITS V.

Posted on: 18 May, 2015
Posted in: Investors

Thomas Murray offers depositary banks and transfer agents an AIFMD and UCITS V compliance service

Depositary banks are looking for a convenient and efficient way of meeting their obligation to monitor transfer agents, while transfer agents are looking for an efficient and convenient way of giving large numbers of depositary banks the information they need to fulfil their obligations under AIFMD and UCITS V. Thomas Murray Data Services has developed an AIFMD and UCITS V transfer agent monitoring service to meet these twin needs.

Posted on: 10 Mar, 2015
Posted in: Video Features

UCITS VI warned against curbing legitimate hedging activities

Any restrictions on the eligibility of assets, particularly derivatives, through UCITS VI must avoid curtailing legitimate hedging activity at fund managers.

Posted on: 30 Oct, 2014
Posted in: Regulation

Thomas Murray Data Services unveils counterparty monitoring tool for depositaries

Thomas Murray Data Services has launched a counterparty monitoring service for depositary banks to help them attain compliance with the Alternative Investment Fund Managers Directive (AIFMD).

Posted on: 17 Jul, 2014
Posted in: Regulation

Standalone administrators offering full depo must have balance sheet capital strength

Standalone fund administrators offering full depository services subject to strict liability for the restitution of assets under the Alternative Investment Fund Managers Directive (AIFMD) must ensure they have sufficient balance sheet capital to h

Posted on: 02 Jun, 2014

Rejection of bonus caps for Ucits welcomed

The European Parliament’s rejection of proposals to cap Ucits managers’ bonuses and performance fees has been welcomed, although this climb-down is unlikely to be extended to hedge funds.

Posted on: 03 Jul, 2013
Posted in: Regulation

Experts warn on Ucits V remuneration proposals

A proposed EU bonus cap on Ucits funds has spooked US fund managers operating or planning to launch Ucits vehicles, while any remuneration restrictions are likely to the further stymie the migration of absolute return hedge funds onshore, Dechert

Posted on: 26 Mar, 2013
Posted in: Regulation


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