Cayman Finance statement on ESMA’s AIFMD passport advice
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…
MAPLES: ESMA advice suggests further deferral of AIFMD Passport for Third Countries
By Tim Clipstone, Jon Fowler, Jonathan Green, Philip Ireland, Barry McGrath, Peter Stapleton, Anthony Webster, Paul Govier, Tom Katsaros From Maples On 19 July 2016, the European Securities and Markets Authority (“ESMA”) delivered its latest advice (the “Advice”) to the…
EU watchdog backs ‘passport’ for U.S. hedge funds in Europe
By Huw Jones From Reuters Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc’s financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and…
Popularity of approved fund surpasses initial expectations
By James Williams From Hedgeweek The challenge for any aspiring hedge fund start-up has been well documented in recent times. Year after year, the barriers to entry rise. Five years ago, the onset of global regulation prompted industry commentators to…
Letter from Brussels: A simmering conflict [Cayman Islands on one side]
BY JEREMY WOOLFE From I&PE Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU. On one side are global financial reformers while, on the other, are hedge funds, centred on the interests…
ESMA publishes letter from European Commission on AIFMD passport Fund Management
The European Securities and Markets Authority (ESMA) has published the letter it received from the European Commission (EC) in respect of its advice on the application of the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU AIFMs and AIFs,…
Caribbean News front pg story iArt iBusiness iCommunity iCrime iCulture iEntertainment iEnvironment iFinance iHealth iJamaica iLocal News iWorld News News
iNews Briefs, More & Community Events
Community Events IMPORTANT NOTICE: CIFEC School Closed this Wednesday Students attending Cayman Islands Further Education Centre (CIFEC) are informed that, due to technical difficulties with the timetable, there will be no school Wednesday, 9th September 2015. School is expected to…
ESMA Advice and Opinion on European Passport Extension – Cayman Islands excluded from initial assessment
By Derbhil O’Riordan & Shane Geraghty From Dillon Eustace The Directive on Alternative Investment Fund Managers (Directive 2011/ 61/EU or “AIFMD”), regulates the management and marketing of Alternative Investment Funds (“AIFs”) and aims to provide for and harmonise an internal…
AIFMD – Marketing Offshore AIFs into the EEA: The Guernsey, Jersey and Cayman Islands View
From Carey Olsen Location – Cayman Islands | Guernsey | Jersey Member states of the European Union (“EU”) were due to implement The Alternative Investment Fund Managers Directive 2011/61/EU (the “AIFMD”) by 22 July 2013. The AIFMD granted a transitional…
Guernsey: MiFID 2: Implications for BVI, Cayman Islands, Guernsey and Jersey firms
By Ben Morgan (Guernsey) From Carey Olsen INTRODUCTION The Markets in Financial Instruments Directive (“MiFID”) is a European Union law that aims to harmonise the regulation of investment services across the member states of the European Economic Area and came…
