Results 1-10 of 145
SEC Issues Proposed Rules on the Scope of Exemptions from Registration Available to Non-U.S. Investment Advisers Under the Dodd-Frank Act
23 November 2010
On Friday, November 19, 2010, the U.S. Securities and Exchange Commission (the “SEC”) issued proposed rules relating to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) that make fundamental...
3 January 2011
For the first time, the Bank of Italy has expressed a position in relation to the offering in Italy of a peculiar foreign non-UCITS fund, endorsing Clifford Chance's view in this regard. This was achieved in the context of an authorisation procedure for the offering...
13 December 2010
A Directive to amend the Prospectus Directive and the Transparency Directive was published in the Official Journal of the European Union on 11 December 2010. It will take effect as a Directive on 31 December 2010 (the Effective Date), twenty days after publication...
12 January 2011
We are pleased to provide you with the second edition of our Luxembourg Legal Update. The newsletter provides a compact summary and guidance on the new legal issues which may impact your business, particularly in relation to banking, finance, capital markets,...
17 January 2011
FSA Update is a weekly alerter providing views on the publications issued by the FSA during the last week. It provides a quick way to keep up to speed with what is going on at the FSA and is particularly aimed at lawyers who do not deal with FSA rules every day...
CFTC Significantly Limits the Exemption from Commodity Pool Operator Registration for Registered Investment Advisers and Rescinds the Registration Exemptions for Private Fund Managers and Trading Advisers
21 February 2012
On February 9, 2012, the Commodity Futures Trading Commission (the "CFTC") issued a final rule (the "Final Rule") to remove the exemptions that permitted many registered investment advisers and private investment fund managers to avoid the...
SFC consultation conclusions on proposed anti-money laundering and counter-terrorist financing guidelines
22 February 2012
On 27 January 2012, the SFC issued its consultation conclusions on the proposed guidelines (the Conclusions), the final form of the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (the Guideline), as well as the related Prevention of Money...
22 February 2012
On February 15, 2012, the Securities and Exchange Commission (the "Commission") adopted amendments to rule 205-3 under the Investment Advisers Act of 1940 (the "Advisers Act"). The rule amendments alter dollar amount thresholds that determine...
10 January 2012
On 1 January 2011, the PPI legislation became effective in the Netherlands. This pension scheme vehicle is designed in particular to host cross-border defined contribution schemes. Amongst Dutch financial institutions, the PPI is already a big success. This...
1 February 2012
The UK's Financial Services Authority (FSA) published a discussion paper on implementation of the Alternative Investment Fund Managers Directive (AIFMD) on 23 January 2012. The FSA invites comments on the paper and responses to the 69 questions posed, to...