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Compliance

AIFMD Depositary INDOS extends FCA Article 36 Custodian Authorisations

UK AIFMD depository INDOS Financial Limited (INDOS) has extended its FCA authorisation to include the depositary duties of cash flow monitoring and verification of other assets.  The addition of these duties to the firm’s existing depositary oversight authorisation enables INDOS to provide a complete depositary-lite solution to alternative investment fund

Broadscope white paper outlines key recommendations for PE fund FATCA compliance

Broadscope Fund Administrators, an independent private equity fund administration firm, has released a white paper outlining key recommendations for private equity firms developing strategies to comply with the Foreign Account Tax Compliance Act (FATCA). The paper, FATCA Compliance for Private Equity Funds: Navigating the Clutter, outlines the responsibilities of both

SGSS Ireland launches Depositary Lite service offering

Societe Generale Securities Services (SGSS) Ireland has launched a “Depositary Lite” service offering to support European and non-European asset managers in meeting the requirements of the AIFMD. The AIFMD sets out a number of regulatory requirements which need to be met by alternative investment funds marketed in the European Economic

Ponzi scheme victims to receive more than 100 per cent of their money

Some 105 victims of a private equity Ponzi scheme are to recover more than 100 per cent of the money they invested, plus an additional 10 per cent. Receiver Mark Dottore, represented by Rob Glickman of McCarthy Lebit Crystal & Liffman Co, LPA and co-counsel Bob Rapp, was charged with

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Cordium partners with IVP to offer AIFMD Annex IV and Form PF reporting solution

Cordium, a provider of compliance consulting, accounting, tax and software, is partnering with financial services technology specialist Indus Valley Partners (IVP) to help clients meet the Alternative Investment Fund Managers Directive’s (AIFMD) stringent Annex IV reporting requirements. The solution already fully covers Form PF reporting.   The reporting solution enables

Mansa Capital receives Green Light from Small Business Administration

Mansa Capital Management, a private equity firm focused on the USD2.5 trillion US healthcare market, has received a Green Light letter from the US Small Business Administration (SBA) to continue its application process to operate a Small Business Investment Company (SBIC). The Green Light letter enables the firm to move

Industry welcomes European Parliament’s vote on long-term investment funds

The European Fund and Asset Management Association (EFAMA), the European Private Equity and Venture Capital Association (EVCA) and the Federation of European Securities Exchanges (FESE) have welcomed the adoption by the European Parliament of its report on European long-term investment funds (ELTIFs) on 17 April. The associations say they welcome

Orangefield approved as depositary by AFM in the Netherlands

Geneba Properties has obtained an AIFMD licence in the Netherlands whereby Orangefield will act as a depositary. Orangefield is one of the first service providers authorised by the Dutch regulator to act as a depositary.

   The new AIFMD regulations were implemented with the objective of enhancing investor protection. The

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