Archive | European Fund Industry

UK Regulator Clarifies Position for Non-EU AIFMs

The UK Financial Conduct Authority (FCA) has amended its rules on Annex IV reporting following consultation during 2016. The amendments, which were published on 25th January 2017, will affect all non-EU Alternative Investment Fund Managers (AIFMs) that market Alternative Investment ‘Feeder’ Funds in the UK under the UK’s national private placement regime.  Annex IV reporting is […]

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MiFID II – Top Four Considerations for a U.S. Manager

The Markets in Financial Instruments Directive (MiFID) came into force during 2007 to facilitate cross-border financial services throughout Europe and foster competition between trading venues via a level playing field. Following the financial crisis in 2008 and during 2011, proposals were set out to revise MiFID. Since the political agreement on the adoption of MiFID […]

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Freaking Out, Brexit Style

The first line of the Fortune article read “Decades of European integration were blown up by a single vote”. For the Economist, a “senseless, self-inflicted blow”. The Telegraph deemed it the “greatest disaster to befall the block in its 59-year history”. NIKKEI 225 down 7.92%. DAX down 6.82%, CAC 40 down 8.04%, FTSE down 3.15%, […]

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The Global View on Liquidity Risk Management for Mutual Funds

As we all personally look forward to the start of a new year, the global financial services regulatory agenda for 2016 looks far less refreshing. Among other things, 2015 will be remembered as the year the International Monetary Fund (IMF) publically called for re-examining the asset management industry and its potential for posing a risk […]

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Third Countries Bullish for Passport to Europe’s €15.5 Trillion Asset Management Market

Back in December 2014, Paul Soltis provided us with a timely update on the transposition and implementation of the Alternative Investment Fund Managers Directive (AIFMD) and finished off by alluding to the round of talks scheduled for 2015 in relation to the distribution of non-EU AIFs within Europe under the existing cross-border marketing passport regime […]

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UK Authorities Grant Much Needed Extension for AIFMD Authorisation Filing

Good news for AIFMs that have been struggling to meet the 21st January AIFMD authorisation application filing deadline set by the UK Financial Conduct Authority (FCA) and Her Majesty’s Treasury (HMT)!  The FCA has deferred the deadline to 22nd July.  AIFMs now have until the 22nd of July to file their applications where the previous July deadline was […]

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