The Committee on Foreign Investment in the United States (CFIUS) has issued a final set of regulations to implement the Foreign Investment Risk Review Modernization Act (FIRRMA).
Legal & Regulation
Crestbridge has been granted a funds administration licence in Luxembourg in a move that significantly bolsters the company’s capabilities in the jurisdiction and its multi-jurisdictional proposition for alternative fund managers.
The Institutional Limited Partners Association (ILPA) has released the first publicly available Model Limited Partnership Agreement (LPA) for the private equity industry.
Labuan International Business and Financial Centre Incorporated (Labuan IBFC), the market development agency for Labuan International Business and Financial Centre (Labuan IBFC), has signed a Memorandum of Understanding (MoU) with China Construction BankLabuan (CCBL) to allow CCBL to promote the benefits of Labuan IBFC to Chinese and Chinese related companies.
The swathe of transparency disclosures required by new and upcoming regulation has been putting pressure on private equity firms. However, PE managers can work with pragmatic and knowledgeable law firms to understand exactly how the rules apply to their particular situation and consider whether there is a basis for limiting disclosure about their business and their investors.
Q&A with Mark Shaw, Partner, Wildgen Investment Fund…
Funderbeam, a global funding and trading platform for investors to buy and sell equity stakes in private companies, has been issued with two financial service licenses by the Monetary Authority of Singapore (MAS) for its Singapore-based subsidy, Funderbeam Markets Pte Ltd.
Apex Group (Apex) has received Full Depositary authorisation from the Central Bank of Ireland for its subsidiary the European Depositary Bank (EDB) to operate in Ireland.
PGIM has secured approval from the Dutch Authority for the Financial Markets to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands.
Managers of Cayman funds are being encouraged to act now to ensure they fully comply with the new obligations of the Cayman Islands Data Protection Law, 2017 scheduled to come into effect on 30 September 2019.