UK fund providers will have until 15 September 2019 to submit a ‘Brexit licence’ to the Luxembourg regulator to continue trading in the Grand Duchy. The Commission de Surveillance du Secteur Financier (CSSF) is warning that unless firms submit a notification to them by that date, they will be considered
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. With JTC having operated an Alternative Investment Fund Manager entity (AIFM)
With Brexit due to be finalised in the next nine months, picking the right EU jurisdiction has become a key strategic consideration, both for established hedge fund managers and start-up managers, who need a “Plan B” to ensure continued use of passporting rights to distribute their funds to EU investors.
By Keith Parker, Link Asset Services – The Irish funds industry had another bumper year with total assets for 2017 growing by EUR298 billion – a 16 per cent year-on-year increase – to a record high of EUR2.4 trillion1, a substantial figure and testament to the attractiveness of Ireland as
By Mark Crossan, Bridge Consulting – Irish Funds are on the move again. Every couple of years there is a new product evolution. In 2015 we had the introduction of the ICAV (Irish Collective Asset Management Vehicle) and 2018 is shaping up to be no different. Not only could this
By Gayle Bowen & Aongus McCarthy, Pinsent Masons – Under new rules implemented by the Central Bank of Ireland (“Central Bank”) last month, Irish Loan Originating Qualifying Investor AIFS (“L-QIAIFs”) are now permitted to adopt broader credit focussed strategies. Previously L-QIAIFs were prohibited from engaging in any activities other than lending
Ireland’s investment funds industry shows no sign of slowing with total AUM reaching EUR2.4 trillion by end of 2017. That’s a 16 per cent growth year-on-year and represents a new high watermark for the jurisdiction, as alternative fund managers continue to set up UCITS and QIAIFs. That growth was underpinned
ALFI comments on the EC proposal amending UCITS and AIFM Directives… ALFI, the Association of the Luxembourg Fund Industry, has been engaged in the Capital Markets Union initiative from the outset and has actively responded to the European Commission’s 2016 consultation on barriers to the cross-border distribution of investment funds.
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. Part of the Commission’s Capital Markets Union action plan, the initiative is intended to improve cross-border capital investment flow in the European Union. However, today’s announced
By Olivia Munro – As the deadline to the GDPR steadily approaches, it is important to start preparing for the regulation if you haven’t already. In case you aren’t aware, the EU took a major step to protect their citizens’ personal data and privacy rights by instating the EU
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