Guernsey’s fund sector is expecting increased interest in its Private Investment Fund following a change in its rules and guidance.
Legal & Regulation
Changes are being made to Guernsey’s Private Investment Fund (PIF) regime following a one-year review undertaken by the Guernsey Financial Services Commission (GFSC).
Global regulatory compliance – RegTech isn’t a panacea but provides critical tools in the right hands
Global regulation has developed like a slow growing but increasingly powerful storm system over the last five years. And whereas big wave surfers welcome such conditions thanks to the epic waves it produces, there are, it could be argued, precious few C-suite executives relishing the equivalent regulatory waves being cast ashore.
Changes to regulation, proposed today by the European Commission, could limit future funding prospects for one-in-four companies seeking private equity investment, says Invest Europe.
The US Commodity Futures Trading Commission (CFTC) and the UK’s Financial Conduct Authority (FCA) are to collaborate and support innovative firms through each other’s financial technology (FinTech) initiatives – LabCFTC and FCA Innovate.
Investment funds can now take advantage of a new limited partnership regime following the passing of the Limited Partnership Act in the British Virgin Islands (BVI).
A growing number of Jersey-registered fund managers are opting to future-proof their strategies and market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD), according to the latest figures from Jersey’s regulator, the Jersey Financial Services Commission (JFSC).
There has been a 65 per cent jump in the number of firms referred to the Regulatory Decisions Committee, suggesting an acceleration in FCA investigations, according to Cleveland & Co, the boutique legal advisory business.
The Alternative Investment Management Association (AIMA) has published a GDPR Implementation Guide to help members understand and comply with new EU-wide rules that come into effect on 25 May.