Europe
guernsey foundations law to go live tomorrow
Guernsey has caught up with the two other crown dependencies on foundation law, following the island registry’s announcement that it is ready to accept registration of its first foundations from tomorrow.
HSBC Bank International closes branches in IoM and Guernsey
HSBC Bank International (HBIB) has completely closed down its Isle of Man and Guernsey centres for international clients who are based overseas, by surrendering its branch licences in both crown dependencies.
Alternatives | 20 Dec 12
irish luxembourg funds industry associations
The main Irish and Luxembourg funds industry associations have largely welcomed the publication, on Wednesday, of the final so-called AIFM Directive Level 2 regulations, saying that they bring much-needed clarity to the situation.
mirabaud opens third spanish office
Swiss wealth and asset management company Mirabaud has opened an office in Valencia, joining its existing Spanish premises in Madrid and Barcelona.
european commission unveils aifmd
The European Commission has published what is said to be the final text of how the long-debated Alternative Investment Fund Managers’ Directive is to be implemented, and sparked an immediate response from Europe’s fund management industry.