This week’s recommendation on extending the alternative investment marketing ‘passport’ to fund managers in up to 12 non-EU countries is an important step towards improving choice for investors, says Invest Europe. The European Securities and Markets Authority (ESMA) has presented its latest recommendation to the European Commission on extending the European
The Jersey Financial Services Commission (JFSC) has welcomed the European Securities and Markets Authority’s (ESMA) recommendation to the European Parliament, Council and Commission that Jersey should be among the ‘third countries’ granted an AIFMD passport. The JFSC has fully engaged with ESMA and has been working closely with member state
Guernsey has been recommended for a third country passport under the Alternative Investment Fund Managers Directive (AIFMD) by the European Securities and Markets Authority (ESMA). The independent EU regulatory authority has assessed Guernsey, alongside 11 other non-EU jurisdictions, as part of its non-EU AIFMD passport reviews. In its final
The Guernsey Investment Fund Association (GIFA) has signed a Memorandum of Understanding (MoU) with the China Association of Private Equity (CAPE). The British Private Equity & Venture Capital Association’s Channel Islands Working Group (BVCA CIWG) was also a signatory to the MoU and will enjoy the benefits that come with
Hawksford is now able to provide a full range of trust services to both private and corporate clients in the Cayman Islands, having secured a Trust Licence from The Cayman Islands Monetary Authority. Hawksford director Steve Robinson (pictured), who will help to build Hawksford’s name in the Cayman market, says
Ogier has acted as BVI legal counsel on the USD50 million IPO on the NASDAQ Capital Market of Pacific Special Acquisition Corp. Pacific is a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially
Crestbridge in Luxembourg has enhanced its position as a provider of services to venture capital funds having received approval through Luxembourg’s regulator (CSSF) to act as a manager under the European Venture Capital Funds (EuVECA) regulation. Already an authorised provider of both UCITS and AIFM services in Luxembourg, the new
Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey. The move follows the European Securities and Markets Authority (ESMA)’s advice to the European Council, the European Commission and the European Parliament that the EU Alternative Investment Fund Management
The EU Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels. This news was welcomed in Guernsey, which has a strong record in meeting international standards as a cooperative and highly transparent jurisdiction – including as an 'early adopter' of
Bermuda remains fully committed to the process of qualifying under rules set out by the European Union for third-country rights for Island-based alternative fund managers. The European Securities Market Authority (ESMA) last week cleared the way for Guernsey, Jersey and Switzerland (pending passage of legislation by the latter) to be
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