Guernsey
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).
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.
OECD backs Guernsey in fight against tax haven status
The OECD has backed Guernsey in its fight against tax haven status, describing the crown dependency’s inclusion on the European Commission’s list of top 30 non-compliant tax jurisdictions as “very surprising”.
People Moves | 1 Jul 15
IAM Advisory reappoints CIO
Independent investment advisory firm IAM Advisory has reappointed its old chief investment officer after a seven year break from the role.
United Kingdom | 25 Jun 15
Guernsey funds grow by £3bn in Q1 2015
Guernsey’s fund industry has seen steady growth so far this year, with total funds under management increasing by £2.8bn to reach £222.2bn.