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Legal & Regulation

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). »


Silver Law Group investigates retirement advisors who falsely promoted alternative investments

Tue, 26/05/2015 - 09:00

Silver Law Group is investigating claims against a pair of self-described retirement planners who are alleged to have falsely promoted to customers the safety and profitability of interest in life settlements. »

Union Flag

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… »


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). »


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.  »


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. »


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. »

MediaWatch WA awards 2015

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

Global Head of Macro Risk - International Asset Manager

Sat, 28 Nov 2015 00:00:00 GMT

S/VP Enterprise Risk - Buy Side Firm | Singapore

Sat, 28 Nov 2015 00:00:00 GMT

Compliance Officer | Private Bank

Sat, 28 Nov 2015 00:00:00 GMT

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