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Showing 10471 - 10480 of 10682 matches filtered by 'Funds and asset management'

  • HMRC: The Capital Gains Tax (Amendment) Regulations 2013 (Draft)

    08/03/2013
    These draft regulations remove references to being 'ordinarily resident' from Regulation 15 of the Capital Gains Tax regulations 1967 and remove... the requirement that a person must be resident or ordinarily resident or carry on a trade in the UK in order to be joined as a third party to an appeal or make an application to be joined. HMRC asks for any final comments by 12 March 2013 as the instrument will be laid in time to come into force from 6 April 2013.
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  • Law Societies Joint Brussels Office: Company law and financial services (February 2013)

    08/03/2013
    This details the current status of various relevant Directives and European-level proposals
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  • BIS: Information flows in dark markets: dissecting customer currency trades

    07/03/2013
    This BIS working paper considers order-flows of different customer segments in the foreign exchange market. Among the conclusions: “asset managers,... for instance, tend to be trend-followers, whereas individual investors behave as contrarians. Hedge funds (on aggregate) do not seem to fall in any of these two categories”.
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  • EBA: Good practices for the risk management of ETFs

    07/03/2013
    EBA has published an opinion on the above, addressed to national supervisory authorities which aims to ensure that potential risks associated... with ETFs are managed adequately from the perspective of the credit institution – and indirectly from the perspective of its customers. The document includes a list of relevant questions to assist authorities in gaining an accurate picture of banks’ involvement in the ETF business, and the adequacy of banks’ management of associated risks such as liquidity and market risks.
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  • EC: ECOFIN meeting (5 March 2013)

    06/03/2013
    The note of this meeting states, among other matters, that the Council broadly endorsed the outcome of the latest political... trilogue with the European Parliament on CRD 4 and also notes that the Council decided not to object to the adoption by the Commission of a regulation supplementing the AIFM Directive, stating that the regulation can enter into force unless the European Parliament objects to it.
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  • IOSCO: Principles of liquidity risk management for collective investment schemes

    04/03/2013
    IOSCO has published the final report on the above, which contains a set of principles against which both the industry and... regulators can assess the quality of regulation and industry practices concerning liquidity risk management for CIS. They are structured according to the time frame of a CIS’s life. They start with principles that should be considered in the design (pre-launch) phase of a CIS. They then outline the principles that should form part of the day-to-day liquidity risk management process.
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  • 13.10.002 Liability for negligent investment advice following extraordinary market turmoil

    04/03/2013
    Comments on the Court of Appeal judgment in Rubenstein v HSBC Bank Plc on whether, where a bank gave negligent investment... advice to an investor, who had specified that he wanted no risk to his capital, the loss suffered by the investor on his capital was foreseeable and not too remote, having been caused by that negligence rather than by unprecedented market turmoil.
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  • EC: Actions expected to be adopted in 2013

    28/02/2013
    The EC has published an updated version of this document which sets out legislative and non-legislative proposals in tabular format.
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  • EC: Commission Delegated Regulation (EU) No ../.. of 19.12.2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regards to exemptions, general operating conditions, depositaries, leverage, transparency and supervision

    28/02/2013
    This is the text of statement by Finland, Denmark, Czech Republic, Latvia, Sweden, Ireland, Netherlands, UK, Germany, Austria, Luxembourg and Portugal... in which they raise their concerns over the manner in which the post-Lisbon process of producing delegated acts is being conducted. It notes that the EC’s draft Delegated Act for the AIFMD Regulation departs from ESMA's advice in a number of areas, without explanation, adding that whilst the EC is not obliged to follow EMA advice: “the credibility of the process of producing delegated acts must be ensured. One avenue forward would be to openly consult the Member States. We therefore urge the Commission to adopt a more open and consultative approach in future, when drawing up delegated acts”. It also states that Member States had only had the opportunity to give comments on the draft Delegated Act in mid-March-April 2012, concluding “his large opaque piece of the AIFMD regulatory package sets enormous challenge to the hearings of stakeholders and the national parliamentary process”..
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  • FSA: Notification of the temporary prohibition of short selling

    28/02/2013
    FSA has published a press release on the above, following a decision by CONSOB, in the shares of Banco Popolare, Mediolanum,... Banca Carige shares and INTESA. This temporary prohibition for the duration of 27 February 2013 applies on all UK trading venues on which the above instruments are traded. The prohibition does not extend to those market makers who are legitimately undertaking market-making activities in these instruments and for which they have previously notified FSA of their intention to use the market maker exemption in these instrument.
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