Interactive webinar focussing on the key impacts and action points for AIFMs as they prepare for compliance following the release of the Commission’s Level 2 Regulation.
On 21 December 2012, Ireland and the United States signed an Intergovernmental Agreement (IGA) to improve international tax compliance with respect to FATCA.
The European Commission published on 19 December its long-awaited Regulation that provides the basis for implementing AIFMD across the EU by 22 July 2013. The Regulation includes some notable changes from ESMA’s technical advice. ESMA has additionally published two consultation papers.
ESMA has officially published its new ‘guidelines on ETFs and other UCITS’. UCITS management companies should consider a range of actions, depending on their activities, to ensure they are in compliance with ESMA’s new guidelines.
The Central Bank of Ireland has issued a consultation paper (CP 60) on the implementation of the Alternative Investment Fund Managers Directive (AIFMD) in Ireland. A new “AIF Handbook” will replace existing rules. Read our briefing paper.
In a welcome move the IRS has extended the deadlines for certain FATCA requirements.
Non-resident investors may be in an uncertain tax position regarding capital gains at the Warsaw Stock Exchange (WSE), following a recent investigation and change of approach by the Polish tax authorities. Read more. (PDF)
The latest version of our triannual digest for asset management professionals is now available with features on OTC derivatives and meeting the new regulatory challenges, social media for asset managers, tax operational impacts of the ECJ Santander and Aberdeen cases, the results of our recent AIFMD survey and much more. (PDF)
The European Commission published on 26 July a wide-ranging consultation paper that will form the basis of a further update to the UCITS framework. The consultation paper focuses on product rules, liquidity management, an EU depositary passport, money market funds and long-term investments.
ESMA has published a report detailing new guidelines on ETFs and other UCITS issues and launching a consultation on repo arrangements.
As investment managers prepare for the Alternative Investment Fund Managers Directive (AIFMD), Deloitte conducted a survey to determine their views on the new regime and how they plan to respond. The results provide key insights into the industry approach to AIFMD, from implications for the market landscape, product development and distribution strategies to views on detailed implementation issues.
The European Securities and Markets Authority (ESMA) has published a consultation paper on the proposed guidelines on sound remuneration policies under the Alternative Investment Fund Managers Directive.
The European Commission published on 3 July its UCITS V proposals relating to the depositary function, remuneration and a harmonised sanctions regime for UCITS. Read our briefing.
The latest version of our triannual digest for asset management professionals is now available with features on post-crisis growth in asset management, data quality in the industry, share class hedging, the IORP Directive, MiFID II, the evolving role of the fund depositary and much more. (PDF)
Asia Pacific International Core of Excellence.
ECJ rules against French dividend withholding tax on non-resident funds.
What does your business need to know about the Alternative Investment Fund Managers Directive (AIFMD)? On 10 May Deloitte hosted a webinar focussing on the key impacts for investment management and depositaries.
A clear focus
The Alternative Investment Fund Managers Directive (AIFMD) continues to generate controversy as the detailed implementing measures take shape under the stewardship of the European Commission.
Finnish Tax Administration refunds WHT on Finnish source dividends.
A practical guide for analysing and implementing the newly proposed FATCA regulations.
ESMA has issued a discussion paper on the key concepts of the Alternative Investment Managers Directive and types of AIFM.
The Cayman Islands’ Mutual Funds (Amendment) Law, 2011 requires master funds in open-ended master/feeder structures to register with the Cayman Islands Monetary Authority (CIMA) by 21 March 2012. On 15 February 2012, the Cayman Islands Ministry of Finance issued a further clarification that master funds with only one CIMA-registered feeder fund will also be required to register.
On 16 February 2012 ESMA published its draft technical standards on the European Markets Infrastructure regulation (EMIR) requiring centralised clearing and reporting within OTC derivative markets. Read our briefing on EMIR.
Findings reveal that the investment funds industry in Ireland continues to win new business and post strong revenue growth.
On February 8, 2012, the U.S. Treasury and the IRS released the proposed regulations for the Foreign Account Tax Compliance Act - REG 121647-10.
Visit our FATCA homepage for more information.
The latest version of our triannual digest for asset management professionals is now available with features on corporate governance, wealth management, Brazilian investment funds, the proposed Financial Transactions Tax, UCITS IV risk management and much more. (PDF)
Now that the dust has settled, we take a look at the key UCITS IV provisions and how they have fared.
The net assets of Irish domiciled funds have surpassed the €1 trillion mark for the first time, according to the latest statistics from the Central Bank dated end of November 2011.
The Irish Funds Industry Association has issued a new voluntary code for funds and management companies which the Central Bank expects all funds to adopt. Read our briefing on the key aspects of the code.
The Central Bank recently issued final guidance on the new fitness & probity regime which will require new due diligence and documentation standards. Read our guide to compliance for funds and their service providers.
Read our article by Deirdre Power and Patrick Rooney, which first appeared in the December 2011 edition of Business & Finance Magazine.