Regs & Compliance
17 June 2021
KPMG joins campaign for reporting taxonomy
KPMG UK has become a founding member of Private Capital Data Standards Alliance (PCDS Alliance – formerly ADS Initiative)
18 June 2021
Northern Trust extends capabilities in Switzerland
The firm received regulatory approval to provide custodian, depositary, transfer agency and ancillary services in Switzerland
18 June 2021
Alter Domus launches Irish AIFM
Alter Domus has acquired Beechbrook Capital’s Irish AIFM and received authorisation from the Central Bank of Ireland for specialised depositary services
14 June 2021
LPs increasingly concerned by tax and regulatory changes
43% of LPs identified regulatory changes as the greatest risk to PE returns
2 June 2021
Investcorp delists
The GP will delist from the Bahrain Bourse and become a closed shareholding company
28 May 2021
ESMA publishes guidelines on cross-border marketing
The guidelines specify the requirements funds’ marketing communications must meet
27 May 2021
Aztec opens US office
The new office specialises in fund and corporate accounting and administration for PE, VC, private debt, infrastructure, and RE sectors
27 May 2021
Profile: Paul Yett, Hamilton Lane
The director of ESG & sustainability discusses the evolution of the firm's ESG processes, setting up its DE&I council and why diversity is important to him on a personal level
24 May 2021
Comment: Managing privacy concerns surrounding FATCA and CRS compliance
Ed Harris, Louise Crawford and Adela Komorowska of Hogan Lovells examine the friction between enhanced transparency among tax authorities and the right to privacy
21 May 2021
Domicile watch: May 2021
Key takeaways from the major PE domiciles: including the FCA's consultation on a new long-term asset fund, JFSC's investment business fees for 2021-22 and promotions across Guernsey and Cayman
19 May 2021
CSC secures Irish depositary licence
The firm received its Irish fund administration licence last year
10 May 2021
BlueMark creates impact benchmark
The benchmark aims to track best practices in impact management in a bid to eliminate impact-washing
10 May 2021
FCA requests feedback on new long-term asset fund
LTAF aims to provide an open-ended fund structure that accommodates PE, VC, private debt, real estate and infrastructure strategies
4 May 2021
WATCH: What do LPs do with all the data?
A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information
28 April 2021
LISTEN: Do we even need standardisation? Episode 2
The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?
28 April 2021
Domicile watch: April 2021
Key takeaways from the major PE domiciles: including JFSC's concerns in JPF service provision, Guernsey's updated PIF rules and Cyprus' growing funds industry
27 April 2021
Guernsey updates PIF rules
The amended rules offer three routes to register PIFs in Guernsey
22 April 2021
FundRock launches EU distribution service
The operation aim to support US, UK, Asia and other third country asset managers distributing funds across the EU.
22 April 2021
Profile: Magdalena Pasecka, Innova Capital
The partner and CFO discusses her reasons for leaving and returning to Innova, operational challenges of CEE-funds as well as why being a woman in PE is an advantage
21 April 2021
LISTEN: Do we even need standardisation? Episode 1
A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?
14 April 2021
ACA enhances regulatory tech platform
The upgrades have been driven by the evolving risk from Covid-19, as well as the continually developing regulatory environment
8 April 2021
Green washing up
The SFDR aims to combat greenwashing, but what is actually expected from PE firms, and what do the new rules mean for operational leaders?
6 April 2021
A guide to continuation funds
Jeffrey Bronheim, Daniel Mathias and James Mossetto of Cohen & Gresser detail key documentation considerations in where conflicts of interest may potentially arise, and why this trend is likely to continue
30 March 2021
Sanne granted Irish depositary services licence
Sanne Depositary Services provides depositary services to collective investment schemes
26 March 2021
Jersey PE and VC funds grow by 21%
JFSC figures also showed the number of registered Jersey Private Funds reach 403, an increase of more than 100 during 2020
25 March 2021
Domicile watch: March 2021
Key takeaways from the major PE domiciles: including Jersey's changes to its AML/CFT handbooks, Guernsey's review of its Green Fund accreditation and Ireland's Green Team network launch
24 March 2021
Advisory / Consultancy: ESG award winner: Sancroft International Limited
Senior consultant Ivaylo Dimov discusses the importance of knowing what ESG means to a firm and equally what it doesn’t or shouldn’t mean
22 March 2021
Protecting and enhancing value: Managing human rights risks across your portfolio
Sam Eastwood, James Ford, and Libby Reynolds of Mayer Brown predict greater focus on human rights due diligence processes
17 March 2021
Mainspring partners with Aspida Group
The partnership aims to service Guernsey-domiciled private equity and venture capital funds
11 March 2021
CFO of the Year award winner: Steve Darrington, Phoenix Equity Partners
Partner & CFO at Phoenix discusses winning a Drawdown award, setting up processes from the very beginning as well as how he's ensured ESG continues to be at the heart of the firm
10 March 2021
SFDR comes into effect
SFDR imposes new transparency obligations and periodic reporting requirements on financial market participants
8 March 2021
Crestbridge opens Dublin office
The firm is currently authorised to provide corporate services in Ireland and is aiming to provide fund admin services soon
4 March 2021
Ocorian purchases Platinum Compliance
Deal follows the fund administrator's acquisition of Newgate Compliance in December 2020
4 March 2021
Deeper Perspective: The UK Funds Regime
Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?
2 March 2021
IQ-EQ targets fund services in Ireland
The firm received fund administrator authorisation from the Central Bank of Ireland in December
25 February 2021
InCloudCounsel opens Singapore office
The firm has hired Jon Crandall as managing director for APAC to lead the office
24 February 2021
LP location most important factor in fund structure selection
Alternatives Watch’s 2021 Fund Formation Survey found 20% of respondents cited regulatory regime as another important consideration for dictating the type of fund launched
22 February 2021
PE and VC funds reached $325.9bn in Jersey in 2020
Monterey's latest report found more than 120 new Jersey funds were launched during 2020 collectively totalling $14.5bn
22 February 2021
AIFs and UCITS totalled €174bn in December
EFAMA's latest report found AIFs and UCITs net sales totalled €174bn in December, a significant increase from €78bn in November
22 February 2021
Domicile watch: February 2021
Key takeaways from the major PE domiciles: including Jersey's recommendations to adapt its framework, Guernsey's latest guidance on cyber security and countering financial crime and terrorist financing, as well as Luxembourg's response to OpenLux
18 February 2021
The ins and outs of outsourcing: An evaluation guide for selecting the right vendor
InCloudCounsel CEO of co-founder Troy Pospisil says firms must "ask the tough-but-important questions about the service provider’s team, products, and business"
18 February 2021
Cost of compliance: 5% of revenue
According to Duff & Phelps latest survey, 23.5% of senior decision-makers of financial services firms expect to spend between 1%-5% of 2021 revenue on regs compliance
15 February 2021
Luxembourg Government and ALFI respond to OpenLux investigations
Statements defend the Grand Duchy’s regulatory standards following the OpenLux investigations, which claimed Luxembourg uses flawed AML frameworks
15 February 2021
Private equity and the trade and cooperation agreement
Brexit has shifted from political to economic, causing widespread disruption for private equity, writes Denzil Davidson of Global Counsel
11 February 2021
Profile: Jasi Halai, 3i
The group financial controller & operating officer discusses working within the finance dept of a listed firm, leading system implementations and transformations as well as her role in the firm's committees
8 February 2021
GAAP in Lux
Avega Capital Management’s Nic Mueller discusses why the Grand Duchy’s new interpretation of accounting standards is important for private equity funds
8 February 2021
Tangled up
Despite reaching a deal, the UK's departure from the EU leaves private equity firms caught up in an intricate web of rules and regulations
5 February 2021
AIFMD review response: if it ain’t broke don’t fix it
EFAMA has published its response to the European Commission consultation for an AIFMD review, requesting limited amendments
5 February 2021
Jersey brings stability to funds industry
Jersey brings a level of stability to the funds industry that is valued across the board, according to the Government of Jersey
2 February 2021
The ID Register gets Guernsey licence
The licence enables The ID Register to carry on controlled investment business in the jurisdiction
1 February 2021
Luxembourg to reach €5trn AuM
Luxembourg remains popular with funds industry as total AuM set to reach €5trn
1 February 2021
Xolaris granted Liechtenstein AIFM authorisation
Third party AIFM provider Xolaris has been authorised to offer its ManCo services in Liechtenstein
1 February 2021
Spending power: Getting a handle on legal expenses
A recent webinar discussion looked under the bonnet of legal spending
27 January 2021
Domicile watch: January 2021
Key takeaways from the major PE domiciles: including Jersey's new definition for AML legislation, changes to Guernsey's private fund regime and Ireland's prep for SFDR
21 January 2021
Private Equity Service Provider Awards: Winners announced
Winners of the Private Equity Service Provider Awards revealed
18 January 2021
Apex launches tool for ESG regs
Invest Check is a tool to help financial services firms collect data to report and comply with upcoming ESG rules
17 January 2021
Citco opens Abu Dhabi HQ
The firm has also partnered with ADGM to create a sustainable, fully-integrated ecosystem for the investment management industry
14 January 2021
ESMA reminds firms of MiFID II reverse solicitation rules
The regulator notes that since the UK’s Brexit transition period ended on 31 December 2020, some questionable practices by firms around reverse solicitation have emerged
13 January 2021
ESMA and FCA agree MMoU on information exchange
The MMoU explains the FCA’s and EEA authorities’, “willingness to cooperate with each other to maintain confidence in the financial system and preserve financial stability in their respective financial markets
11 January 2021
The ESG tech wave
From static and infrequent DDQs to real-time, performance linked, fully integrated improvements; ESG is fast-becoming a tech play