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Legal & Regulation

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The General Election and HNWIs

Thu, 07/05/2015 - 09:08

On Election Day, Waverton's Rupert Elwes assesses the impact of potential reforms on HNW investors… »

vote

IFIA voices MMFR concerns

Fri, 01/05/2015 - 16:30

The Irish Funds Industry Association (IFIA) has responded to the European Parliament’s (EP) decision on Wednesday to vote through an ECON report on Money Market Fund Regulation (MMFR). »

pensions

LEBC steps up call for pension fund cooling down period with letter to FCA

Wed, 25/03/2015 - 19:30

LEBC Group has stepped up its call for the Government to introduce a 30 day cooling off period for those seeking access to all of their pension funds, unless they have been advised by a regulated independent adviser, by writing to Martin Wheatley chief executive of The Financial Conduct Authority’s (FCA). »

James Williams, Hedgeweek

Managers face Swiss Legal Representative requirement

Tue, 24/02/2015 - 20:22

The sands of time are running out for hedge fund managers wishing to continue distributing their funds to Swiss investors. As of 1 March 2015, any foreign hedge fund looking to raise assets in Switzerland from qualified investors will be required to appoint a Swiss legal representative and paying agent.  »

meeting

Estate planning with legal entities requires strategic planning, says Atlantic Trust

Fri, 13/02/2015 - 12:30

Legal entities can provide powerful benefits to a family's overall wealth management plan but only if they work together as a cohesive, smoothly running unit, according to Atlantic Trust. »

Gavel

Fund managers could face regulatory sanctions over EMIR

Wed, 11/02/2015 - 13:28

Tim Thornton, Chief Data Officer, Mitsubishi UFJ Fund Services, says fund managers could face regulatory sanctions over EMIR… »

hands shaking

Fund managers begin positioning for money fund reform, says Fitch

Wed, 11/02/2015 - 11:45

Six months after the SEC voted on reforms, money fund managers are beginning to take steps to comply with the new rules and position themselves to retain and attract clients, according to Fitch. »

Information sign

FFIs must be FATCA compliant as deadline approaches

Mon, 29/12/2014 - 14:00

Tim Thornton, Chief Data Officer at Mitsubishi UFJ Fund Services, comments on the December 31 FATCA deadline… »

man with megaphone

CFTC issues no action relief for family offices from CTA registration

Thu, 27/11/2014 - 09:00

The US Commodity Futures Trading Commission has issued a no-action letter providing family offices relief from commodity trading advisor registration, in connection with advisory services they provide to family clients. »

law books

SEC charges HSBC’s Swiss Private Banking Unit over unregistered US services

Wed, 26/11/2014 - 11:15

The SEC has charged HSBC’s Swiss-based private banking arm with failing to register before providing cross-border brokerage and investment advisory services to US clients. »

globe

Merrill Lynch and US Trust sign United Nations Principles for Responsible Investment

Wed, 26/11/2014 - 10:15

Bank of America’s Global Wealth and Investment Management (GWIM) division has signed the United Nations-supported Principles for Responsible Investment (PRI). »

James Williams, Hedgeweek

Data management and reporting solutions are key to achieving operational efficiency

Tue, 23/09/2014 - 15:32

It’s a fair assumption to say that the proliferation of hedge fund regulation has spurred technology providers to produce newer, innovative solutions.  »

Gibraltar

Gibraltar gears up to comply with US foreign tax rules

Mon, 11/08/2014 - 13:49

The Rock’s financial services sector must act now to embrace FATCA, warns Nicola Smith, CEO of Gibraltar-based fund administrator, Helvetic. »

Tax

Alter Domus adopts Thomson Reuters FATCA solution

Wed, 23/07/2014 - 15:03

Alter Domus, a provider of fund administration and fund services, has adopted Thomson Reuters FATCA solution across its services platform to improve client identification and on-boarding. »

Approved stamp

Omni Partners obtains licence under AIFMD

Wed, 23/07/2014 - 14:02

The UK Financial Conduct Authority (FCA) has approved Omni Partners’ application for an authorised licence under the Alternative Investment Fund Managers Directive (AIFMD). »

Regulation

AIFMD will bring ‘greater stability’

Mon, 21/07/2014 - 14:54

Arnaud Claudon, head of depositary banking, BNP Paribas Securities Services, says AIFMD will bring ‘greater stability’ to European alternatives market… »

Jersey flag

New charities law puts Jersey at the forefront of philanthropy sector, says Jersey Finance

Mon, 21/07/2014 - 11:46

New legislation approved by Jersey’s government last week will help confirm the jurisdiction as a leading, mature and flexible centre for global philanthropic work, according to Jersey Finance. »

UK flag

UK government ‘Guidance’ plans should be a stepping stone to full advice, says Skandia

Wed, 25/06/2014 - 06:08

Investment business Skandia believes that the “free, impartial face-to-face” guidance revealed by the Chancellor in the recent budget announcement should act only as an introduction to full advice. »

Report

Time for asset management industry to shine, says KPMG report

Tue, 24/06/2014 - 12:37

Opportunities abound for the global asset management industry as the shrinking of the banking sector has thrust asset management to the heart of global capital flows and the pace of regulatory change is starting to ease off, according to a KPMG report. »

Union Jack Pound

British firms fined over GBP500m by FCA in 2013, says Kinetic Partners

Wed, 18/06/2014 - 14:06

The Financial Conduct Authority (FCA) penalised British firms a total of GBP506.94m (USD770m) in 2013, according to research from Kinetic Partners. »

Magnifying glass

ESMA calls for improvements in disclosures related to business combinations

Mon, 16/06/2014 - 15:06

The European Securities and Markets Authority (ESMA) has published a report on the application of accounting requirements for business combinations in IFRS financial statements.  »

Report

MiFID II published in the Official Journal of the EU

Fri, 13/06/2014 - 11:58

The EU has published MiFID II in the Official Journal (OJ) following more than two and a half years of consultation and negotiation. »

Jersey flag

Jersey makes changes to Companies Law

Thu, 12/06/2014 - 10:08

Jersey is introducing changes to its Companies Law, which aim to make the jurisdiction more attractive for those who use Jersey companies for investment structuring, asset holding and a wide variety of other purposes. »

Regulation

Rise of big data to put UK financial services firms in regulatory firing line

Thu, 12/06/2014 - 06:00

The exponential growth of Big Data will trigger a sharp rise in UK financial services firms being investigated, and potentially fined, by regulators, according to Data-as-a-Service provider Anomaly42. »

James Roberts, BDO

Corporate reporting guidance from FRC is timely and important

Tue, 10/06/2014 - 12:17

James Roberts (pictured), Audit partner at BDO, welcomes The Financial Reporting Council’s (FRC) announcement of a programme of work to promote clear and concise reporting from which investors can draw conclusions about a company’s performance, position and prospects… »

Adrian Walker, retirement planning manager at Skandia

Pension reforms risk failure unless income rules are simplified, says Skandia

Tue, 10/06/2014 - 10:04

A swift change to retirement income rules is required in order for the government’s proposed pension reforms to work, according to Skandia, part of Old Mutual Wealth. »

Jersey

Jersey to host four day conference and seminar in partnership with the US SEC

Fri, 06/06/2014 - 15:00

Jersey is to host a high level conference organised jointly by the US Securities and Exchange Commission (SEC) and the Jersey Financial Services Commission. »

Joined hands

DeAWM partners with CAIA

Thu, 05/06/2014 - 12:01

Deutsche Asset & Wealth Management (DeAWM) has formed a new partnership with the Chartered Alternative Investment Analyst (CAIA) Association. »

Robert Shapiro

ATFA’s Robert J Shapiro and Nancy Soderberg support Argentina's settlement with Paris Club

Fri, 30/05/2014 - 14:49

Following Argentina's agreement to resolve its USD9.7 billion in debts to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further. »

Regulation

FCA clarifies dealing commission rules

Fri, 30/05/2014 - 11:50

The Financial Conduct Authority (FCA) is proceeding with its proposals to clarify the dealing commission rules, according to a regulatory update from law firm Cordium. »

features
Special report
Wealth Adviser Awards 2015

Wealth Adviser Awards 2015

Thu, 21/05/2015 - 13:50

The Wealth Adviser Awards 2015 were determined by the votes of Wealth Adviser's readers, who include wealth managers, IFAs, fund managers, family offices, law firms, accounting firms and other industry professionals. This Special Report includes the full list of winners plus links to video footage of the Awards... »

Special report
Commodities 2015: The outlook for investors

Investing in commodities can yield handsome returns, but investors need to focus sharply on timing and diversify their portfolios away from traditional safe havens and into sectors such as agriculturals and products such as ETFs. As one expert reveals in this special report, "Gold is not the only yellow commodity one should have in their portfolio"... »

Special report
Hedgeweek Special Report: The Bahamas – How it continues to evolve its funds industry

The Bahamas is taking steps to raise its profile as an attractive funds centre, continuing to build out the popular SMART Fund model template to provide a range of solutions for investment managers, plus its new ICON structure designed to appeal specifically to Brazilian investment managers and advisers.... »

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