Guernsey’s financial services regulator has signed a Memorandum of Understanding with the UK’s Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit.
Legal & Regulation
JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance and is now able to offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg, including depositary of assets other than financial instruments.
Maples and Calder and MaplesFS which together comprise Maples Fiduciary and Maples Fund Services, have consolidated their offerings under a single brand, now called the Maples Group.
The Spanish Venture Capital & Private Equity Association (ASCRI) and law firm Cuatrecasas have launched a handbook of ‘Good practice guidelines for investors and private equity entities in Spain’.
According to the Monterey Fund Report 2018, Mourant has once again maintained its leading position as the go-to legal adviser in Jersey's funds industry, advising on over 46 per cent of all funds by market share of assets.
Luxembourg continues to see net inflows of capital and is now the world’s second largest fund centre with, as of August 2018, EUR4.3 trillion worth of net assets under management, and this only in regulated funds, according to the Association of the Luxembourg Fund Industry (ALFI).
By Anne-Gaëlle Delabye & Tara Kapur – Non-EU managers seeking access to European capital are more frequently looking to Luxembourg parallel structures due, in part, to their flexibility and the features that the Luxembourg limited partnerships share with the Anglo-Saxon model. Ogier’s Luxembourg investment funds team – working in partnership with our teams in the BVI, Cayman and Hong Kong – have extensive experience of structuring parallel funds for clients in the US and Asia.
The introduction of new legislation in Jersey that enables the establishment of Limited Liability Companies (LLCs) has the potential to significantly enhance pan-Atlantic business with the US, according to Jersey Finance.
Link Fund Solutions (Luxembourg) has been granted a license to act as UCITS Management Company and Authorised Alternative Investment Fund Manager by the Commission de Surveillance du Secteur Financier (CSSF).
According to a recent risk alert issued by the SEC, investment advisers continue to show deficiencies when it comes to best execution of client securities transactions.