October 30, 2020

Cayman Islands Investment Funds in Europe

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Article by Henry Smith Maples and Calder In July 2016 European politics were profoundly shaken when UK voters unexpectedly opted by a narrow margin in a referendum for the UK to “Brexit” the EU. It is too early to say whether a Brexit means the UK will completely leave the EU or retain some sort […]

Cayman Islands investment funds in Europe

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Article by Henry Smith From Maples In July 2016 European politics were profoundly shaken when UK voters unexpectedly opted by a narrow margin in a referendum for the UK to “Brexit” the EU. It is too early to say whether a Brexit means the UK will completely leave the EU or retain some sort of […]

ESMA advice extending the AIFMD Passport: Including the United States, Hong Kong, Singapore and Switzerland

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By Michelle Falcucci and Winston Penhall Reed Smith LLP From Private Funds Law Posted in Alternative Investment Fund, Hedge Funds, Private Equity, Real Estate Funds, Regulation, United States On 18 July 2016 the European Securities and Markets Authority (ESMA) published its advice to the European Parliament, the Council and the Commission on the application of […]

Ogier confident that Cayman Islands will be granted funds “passport” by ESMA

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Ogier confident that Cayman will be granted funds “passport” by ESMA The decision by the European Securities and Markets Authority (ESMA) to hold off ruling on a ‘passport’ to market alternative investments into the EU until ongoing legal reforms have been concluded has been welcomed by Ogier’s Head of Global Investment Funds, Giorgio Subiotto. ESMA […]

AIFMD Passport Extension: Hurry up and wait

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By Sean M. Tuffy August 1, 2016 Articles What does the recent ESMA decision on the AIFMD Passport extension mean for non-EU hedge fund managers? Since ESMA recommended extending the AIFMD passport to Switzerland, Jersey, and Guernsey last year, the hedge fund industry has been wondering if the AIFMD passport would ever be extended to […]

Cayman Finance Statement on ESMA’s AIFMD Passport Advice

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Posted on July 31, 2016 With the news today from the European Securities and Markets Authority (“ESMA”) deferring its recommendation to the European Commission (“EC”) that the Cayman Islands (along with several other countries) be considered for a “third country passport” under the Alternative Investment Fund Managers Directive (“AIFMD”), Cayman Finance CEO Jude Scott, stated […]

ESMA advice encouraging for Cayman

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From Mourant Ozannes AIFMD Passporting: getting closer On 19 July 2016, the European Securities and Markets Authority (ESMA) released its latest advice1 on the extension of the AIFMD2 passport to non-EU alternative investment fund managers (AIFM) and alternative investment funds (AIF). Having conducted its regulatory assessment of just over half of the twenty-two third countries […]

Depo-lites could need to evolve to survive

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By Charles Guber From Global Custodian The Alternative Investment Fund Managers Directive (AIFMD) forced fund managers including hedge funds and private equity firms to appoint either a depositary institution or depositary-lite (depo-lite) to provide independent oversight of asset safekeeping, cash-flow monitoring and fund manager compliance. The “lite” moniker is assigned to a service provider undertaking […]

ESMA backs Guernsey for AIFMD passport

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From Offshore Bankers Guernsey has been recommended for a ‘third country’ passport under the Alternative Investment Fund Managers Directive by the European Securities and Markets Authority. 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 assessment, ESMA has concluded that […]

The impact of ESMA’s AIFMD passport ruling [on Cayman Islands]

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By Jonathan Watkins From Global Custodian Experts weigh in on ESMA’s advice on AIFMD passports for 12 non-EU countries which could affect US and Cayman Island-based funds. Industry experts have told Global Custodian that the effect of Europe’s ruling on AIFMD passports for the Cayman Island should be minimal. The European Securities and Markets Authority […]