Financial regulators across the globe are cracking down heavily on cases of individual misconduct, according to the 5th annual Global Enforcement Review published by the Compliance and Regulatory Consulting Practice of Duff & Phelps.
Legal & Regulation
By George Ralph (pictured), RFA - 2017 is as good a time as any to be starting a new alternative investment firm, certainly better than it would have been a decade ago, but there are some key areas of focus that start-ups should be on top of. Here are some thoughts on how to help set your start-up to be successful:
By George Ralph (pictured), RFA Financial Cloud and Technology Services – It’s a widely held misconception that heavily regulated industries are the least agile, and the slowest to innovate. In the financial services sector particularly, there is a tendency to see compliance and responsibility as a barrier to success, when they should be seen as the essential foundation.
By George Ralph (pictured), RFA Financial Cloud and Technology Services – The global financial crisis and subsequent recession happened almost a decade ago, but their legacy goes on and on, with more stringent regulations and bigger fines every year.
Mexican industrial real estate investment trust Terrafina, which is externally advised by PGIM Real Estate, has received approval from the Mexican Securities and Banking Commission (CNBV) for shelf registration program for the issuance of its Certificados Bursátiles Fiduciarios Inmobiliarios and long-term Certificados Bursátiles Fiduciarios (the Program).
Regulatory reporting has become a critical component of running an alternative investment fund. This requires well-developed data sourcing and data management processes to help ensure that fund managers remain compliant.
Beginning in 2018, Kempen has decided to cover external investment research costs as part of its strategy to comply with MiFID II. These costs however may still be passed on to clients under strict conditions.
Cordium, a provider of governance, risk and compliance services, has launched a solution to help firms adapt to the new requirements of the Criminal Finances Act, set go into effect in September 2017.
Bobby Johal, Managing Consultant, at Cordium, responds to the European Commission’s announcement that it has started work on the review of the AIFMD…
For managers who may already be using an onshore Delaware LLC, they now have the opportunity to use a Bermuda LLC as an offshore vehicle. This follows the formal introduction of the Limited Liability Company Act 2016 (LLC Act), which was passed in the Senate in July 2016 and became operative on 1 October, 2016.