This newsletter includes recent news and developments relating to superannuation, funds management & financial services.
As the drive to act on EU and international recommendations continues to gather pace, the Cayman Islands Government began the New Year with their much-anticipated move to introduce...
On 8 January, after a period of industry consultation, the Cayman Islands Government issued the Private Funds Bill 2020 (the "Private Funds Bill") ...
The New Year heralds the introduction in the Cayman Islands of the registration and regulation of all closed-ended funds.
Directors of registered mutual funds are required to be individually registered or licensed under the Director Registration and Licensing Law.
This advisory is based on the Bill as published, and many of the practical details of the regime it introduces will need to be confirmed in due course in regulations and guidance.
As the Bill will not be considered by the Cayman Islands Legislative Assembly until 30 January 2020, the details in the Bill outlined below remain subject to change.
A Section 4(4) fund will not, however, be required to file an offering document (or any amendments) with CIMA.
A new EU Disclosure Regulation EU/2019/2088 ("Disclosure Regulation") on disclosures to be made by asset managers...
Stephenson Harwood AARPI
L'equity bridge est un financement octroyé à des fonds d'investissement, dont l'originalité est d'être couvert à tout moment par les engagements non appelés des investisseurs du fonds.
Recently, the Hon'ble Supreme Court has upheld the constitutional validity of such amendment to IBC thereby retaining the cheer on the homebuyers face.
Cyril Amarchand Mangaldas
On December 24, 2019, Securities and Exchange Board of India ("SEBI") released a circular setting up a stewardship code for Asset Management Companies ("AMCs"),
The long awaited thematic review of custody arrangements (Review) has now been completed and FMA have released their summary findings...
Two-thirds (66%) of alternative investment professionals have a good understanding of the benefits of fund finance but cite negative perceptions among LPs
Seyfarth Shaw LLP
On December 19, 2019, the U.S. Treasury issued final Qualified Opportunity Zone regulations (the "Final QOZ Regulations").
This Legal Update gives an overview of the Council's newly revised evaluative process.
Kirkland & Ellis International LLP
As 2020 gets underway, advisers should plan for the upcoming year's filing and compliance deadlines and assess their compliance programs ...
Proskauer Rose LLP
Last week, the SEC's Office of Compliance Inspections and Examinations released its 2020 Exam Priorities with a number of areas of interest to private fund managers.
Shearman & Sterling LLP
On January 13, 2020, the Treasury Department and the Internal Revenue Service published final regulations (the "Final Regulations") regarding "Qualified Opportunity Zones"
On November 25, 2019, the Securities and Exchange Commission ("SEC") re-proposed Rule 18f-4, a new rule under the Investment Company Act of 1940 (the "1940 Act")