Europe
Alternatives | 30 Jul 15
ESMA recommends six non-EU nations for AIFMD passport
The European Securities and Markets Authority (ESMA) has recommended that six countries should be among the first wave of non-EU countries to get access to a Europe-wide passport under the Alternative Investment Fund Managers Directive (AIFMD).
Blacktower gets go-ahead for MiFID licence
Blacktower Financial Management Group has been given the green light by the Gibraltar Financial Services Commission for a Restricted Category 3 MiFID Licence.
European Court throws out EEA action group claim against UK Gov’t
A group of investors into a troubled life settlements fund has had its claim against the FCA and the UK Government rejected by the European Court of Human Rights.
VAM forms exclusive partnership with Close Brothers
Luxembourg-based VAM Funds has signed a deal with Close Brothers Asset Management (CBAM) to give its non-UK-based advisers the chance to tap into the latter’s discretionary fund management services.
Four in five accountants leaving clients in dark over LDF
Just 19% of accountants have informed their clients about the Liechtenstein Disclosure Facility despite the beneficial programme being withdrawn in December, a survey has revealed.