Europe
jersey confirms new aifmd friendly fund regs
Jersey Finance confirmed the jurisdiction's intention to introduce new fund regulations in April as part of its strategy to meet the requirements of the AIFMD, at its annual funds conference in London this week.
Investors to pay north of 13bn in extra charges
Financial Transactions Tax (FTT) will cost investors a minimum of 13bn annually at current transaction levels and could force asset managers to relocate outside of the FTT zone, warns the European Fund and Asset Management Association (EFAMA).
guernsey bank deposits fall by ten billion
Deposits held with Guernsey banks fell by £10.2bn in the last three months of 2012, which was mainly attributed to the “transfer of a book of business to another Crown Dependency”.
record net sales of non money market
A surge in investor confidence fuelled record sales of non-money market Ucits funds in January, according To EFAMA.
kinetic partners receives lux licence
Kinetic Partners has had an application to become a fund management company in Luxembourg approved by the Luxembourg Financial Authority.