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Legal & Regulation

Leading academic questions effectiveness of UK-style central registry

Leading academic questions effectiveness of UK-style central registry

Wed, 04/05/2016 - 15:25

The effectiveness of central registries of beneficial ownership in combatting financial crime has been questioned by a leading academic in global financial regulation. »

Geoff Cook, Jersey Finance

Beneficial ownership agreement re-affirms commitment to combatting global financial crime

Tue, 12/04/2016 - 09:49

Geoff Cook (pictured), Jersey Finance CEO, comments on David Cameron’s announcement of an agreement by the Crown Dependencies and Overseas Territories to provide beneficial ownership information to the UK Government… »

The fight against money laundering and tax evasion must be truly international, argues IFC Forum

The fight against money laundering and tax evasion must be truly international, argues IFC Forum

Thu, 07/04/2016 - 15:21

The publication of the Panama Papers has raised serious questions about global compliance with international regulatory standards, and it is apparent that some jurisdictions have fallen markedly behind in the global efforts to combat money laundering and tax evasion. »

Why investors should be miffed about MiFID II

Mon, 04/04/2016 - 12:26

Joshua Maxey, (pictured) Managing Director, Third Bridge, sets the scene on the postponement of MiFID and its implications for investors. »

Luis Pedro

Rebuilding Swiss investor confidence in hedge funds

Thu, 24/03/2016 - 10:31

Oligo Swiss Fund Services received its license from the Swiss authorities 13 months ago to provide Swiss legal representative services and has already onboarded more than 200 funds registered for distribution to Swiss qualified investors. These include offshore hedge funds, UCITS-compliant hedge funds and private equity funds.  »

Roman Pelka

CISA proves successful within 12 months

Thu, 24/03/2016 - 10:22

It is now one year in to the Swiss Collective Investment Scheme Act (CISA) and overall impressions appear to be that it has been a success. One particular aspect of CISA, namely the requirement for alternative fund managers marketing their funds in Switzerland to "unregulated qualified investors" (eg pension funds, family offices) to appoint a Swiss Fund Representative and Paying Agent, has proven to be no more than a mild shower in a teacup.  »

James Williams

Regulations improve Swiss investor confidence in hedge funds

Thu, 24/03/2016 - 09:25

There was a degree of trepidation among foreign hedge funds when Switzerland formerly introduced a revised version of the Collective Investment Scheme Act (CISA) on 1 March 2015, bringing hedge funds under the watch of FINMA, Switzerland's financial regulator, for the first time.  »

Rplan.co.uk proposes industry charter to counter ‘surprising disparity’ in service provided by fund platforms

Rplan.co.uk proposes industry charter to counter ‘surprising disparity’ in service provided by fund platforms

Wed, 09/12/2015 - 17:44

Rplan.co.uk has appealed to the Financial Conduct Authority to support a new industry charter guaranteeing best practice after its surprise at the findings of a report revealing a wide disparity in fund platforms’ services and charges. »

Nuck Parkes, DMS Offshore

Growth in FATCA and AIFMD compliance

Wed, 09/12/2015 - 10:10

DMS Offshore Investment Services (‘DMS') Limited was established in the Cayman Islands by Don Seymour in 2000. Over the past 15 years it has grown into one of the industry's leading fund governance firms with over 200 people. »

Micahel Medvinsky, Nedelma Inc

Improving regulatory reporting efficiency

Wed, 09/12/2015 - 10:06

The Portfolio Amalfi™ platform by Nedelma Inc. offers multi-asset, multi-language and multi-currency dynamic reporting and data visualisation and analysis capabilities to the asset management industry. The platform also offers data aggregation tools as well as portfolio management solutions and a calculation engine.  »

Derek Adler, Ifina

The gateway of choice for emerging investment managers

Wed, 09/12/2015 - 09:31

The emergence of complex rules and regulations such as AIFMD and FATCA means that any new manager with visions of running their own hedge fund business must think carefully about the best route to market.  »

MIFID II postponed

Fri, 13/11/2015 - 10:19

Oliver Lodge, OWL Regulatory Consulting Ltd comments on the postponement of MiFID II. »

AMG Funds and Pantheon deliver private equity fund access for retail investors

AMG Funds and Pantheon deliver private equity fund access for retail investors

Fri, 30/10/2015 - 04:29

AMG Funds and Pantheon, have finalised the 1933 Act registration of the AMG Pantheon Fund making it more widely available to accredited investors seeking access to a diversified, institutional-calibre portfolio of private equity through a single investment.  »

Scrap all early encashment penalties on UK pensions that don’t offer freedoms, says AJ Bell

Scrap all early encashment penalties on UK pensions that don’t offer freedoms, says AJ Bell

Thu, 29/10/2015 - 15:48

In response to the Treasury consultation on pension transfers and early exit charges, AJ Bell has called for all early encashment penalties that block access to the new pension freedoms to be scrapped. »

Firms struggling to manage impact of intra-day funding requirements in FCA Client Money rules

Firms struggling to manage impact of intra-day funding requirements in FCA Client Money rules

Wed, 28/10/2015 - 03:28

Firms across the market have been badly affected by the impact of intra-day funding requirements brought in by the recent changes to the CASS rules, according to regulatory experts at Walbrook Partners. »

Beverly Chandler

WMA calls for more representation for wealth managers

Fri, 16/10/2015 - 15:45

The Wealth Management Association (WMA) has welcomed the Treasury and FCA’s Financial Advice Market Review (FAMR) and the inclusion of one of their member firms on the expert panel but calls for more representation.  »

Nick Blake, Vanguard

Demand for financial advice will continue to grow

Tue, 13/10/2015 - 13:41

Nick Blake (pictured), Vanguard’s Head of UK Retail, comments on the Financial Advice Market Review… »

Charles Schwab Investment Management changes MMF line-up

Charles Schwab Investment Management changes MMF line-up

Mon, 12/10/2015 - 10:10

Charles Schwab Investment Management is making changes to its money market fund line-up to address new SEC regulations. »

Beverly Chandler

The NCI declares increased regulation risks stifling innovation in fund management

Mon, 12/10/2015 - 08:53

The independent think tank, The New City Initiative (NCI), created to offer an independent, expert voice in the debate over the future of financial regulation, has published a paper on some of the regulatory issues expected to confront the asset management industry over the coming years and calls for changes to be made to better structure this regulation.  »

HMRC proposals for tackling offshore tax evasion are seriously flawed, says Kingsley Napley

HMRC proposals for tackling offshore tax evasion are seriously flawed, says Kingsley Napley

Fri, 09/10/2015 - 10:20

The proposed new HMRC powers to "crack down" on offshore tax evasion are seriously flawed, law firm Kingsley Napley says in its official response to the HRMC consultation exercise. »

Mark Weir, Maples Fund Services

How to generate regulatory alpha

Wed, 30/09/2015 - 11:53

The recent swathe of regulation has meant that managers face an incredible drain on internal resources, leading to increased headcount, increased operating costs, and distraction from core competencies. »

Nixk Tsafos, EisnerAmper

Tax implications of trading swaps with prime brokers

Wed, 30/09/2015 - 11:38

There are some early signs that the effects of Basel 3 are changing the way that hedge funds do business with their prime brokers. In today's new reality, primes are becoming more prescriptive over how the bank's balance sheet is being utilised to support clients' trades. To mitigate the costs of trading physical securities, some managers are beginning to use more synthetic instruments.  »

Geoff Ruddick, IMS Fund Services

Independent directors and the split board saga

Wed, 30/09/2015 - 11:32

By Geoff Ruddick (pictured), IMS Fund Services – There has been an extraordinary focus on and trend towards `split boards' in the last few years. For most people the accepted definition of a `split board' is having independent directors from different fiduciary firms. It is considered by some to be the best way to construct a board. In reality this is an overly simplistic definition and assessment of how to recruit and construct an effective and diverse board.  »

People don’t need to own a property to benefit from new UK IHT property proposals

People don’t need to own a property to benefit from new UK IHT property proposals

Tue, 22/09/2015 - 09:47

According to HMRC’s technical note outlining the new main residence nil-rate band and downsizing proposals, people don’t need to own a property on death to benefit from the new residence nil-rate band. »

UCITS V may be modest but it packs a punch

UCITS V may be modest but it packs a punch

Tue, 04/08/2015 - 22:58

A new paper from SuMi TRUST finds that the fifth iteration of the Undertakings for Collective Investment in Transferable Securities Directive (UCITS V) is a modest measure. »

Monique Mel

FCA fines firms and individuals over GBP1bn for market integrity breaches

Wed, 15/07/2015 - 13:58

The FCA fined firms and individuals a total of GBP1.23 billion in 2014 for market integrity related breaches, which included abusive market behaviour such as: manipulation, insider dealing, FX failings and benchmark (i.e. Libor) manipulation.  »

Joanne Segars, NAPF

Review of pensions tax is welcome news

Thu, 09/07/2015 - 10:52

Joanne Segars (pictured), Chief Executive, National Association of Pension Funds (NAPF) comments on the changes to pensions announced in the 2015 Summer Budget, including the Chancellor’s announcement to introduce a taper on higher rate pensions tax relief along with the introduction of a wider review of pensions taxation…  »

Beverly Chandler

Regulatory fines more than double in the UK

Tue, 16/06/2015 - 11:08

Kinetic Partners' 2015 Global Enforcement Review reveals that the Financial Conduct Authority penalised firms a total of GBP1.47 billion in 2014, with an average value of fines up by two and a half times on 2013, at GBP36.79 million compared with GBP9.88 million in 2013. »

Pound sign

LIBOR – what’s the big deal?

Fri, 12/06/2015 - 15:10

Sara Teasdale, Partner, Byrne and Partners explains the background to the LIBOR scandal and its impact for investors. She writes that in 1984 concerns emerged that with banks increasingly trading a variety of options based on loans there developed a need to standardise the pricing of those loans. The British Bankers’ Association (BBA) established various working parties and in October 1984 the production of the BBA standards for interest swap rates (BBAIRS) was born.   »

document signing

Brooks Macdonald International granted license to operate in South Africa

Tue, 02/06/2015 - 06:00

Brooks Macdonald International (BMI) has been granted a Category I license to provide advisory and intermediary services in South Africa by the Financial Services Board (FSB). »

MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

features

Special Reports

Switzerland Hedge Fund Services 2016

Switzerland Hedge Fund Services 2016

Thu, 24/03/2016 - 10:12

In Focus

Howie Li

ETFs under the microscope

Wed, 10/02/2016 - 13:01

Outlook

Beverly Chandler

Carmignac holds bearish views for 2016

Wed, 27/01/2016 - 10:47

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