On 2 December 2016, the Swiss Financial Market Supervisory Authority (FINMA) and the Securities and Futures Commission (SFC) of Hong …

Continue reading “Mutual Recognition of Funds (MRF) between Switzerland and Hong Kong”

Against our hopes but in line with the most recent polls, 59% of the Swiss population today voted against the …

Continue reading “3rd Swiss corporate tax reform rejected by referendum 12 February 2017”

Sources: SCA Resolution No. 7/R.M issued on 28 April 2016 (New Rules) New Federal Law No. 2 of 2015 on …

Continue reading “Outline on the New Governance Rules for Board of Directors in Public Joint Stock Co. in the UAE”

On 7 January 2017, the UAE government announced a legal framework for venture capital funds. Under the new rules, a …

Continue reading “UAE: new regulations for venture capital”

On 16 December 2016, the European Securities and Markets Authority (ESMA) published an updated version of the Questions and Answers …

Continue reading “ESMA updates its Q&A on MiFID II and MiFIR investor protection topics”

The 2011 Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework for alternative investment fund managers (AIFMs), including managers …

Continue reading “European Union: ESMA updates the AIFMD Q&A on reporting to national competent authorities by non-EU AIFMs”

On 14 November 2016, the European Council, the Commission and the Parliament reached a provisional agreement on a draft regulation …

Continue reading “European Union: agreement on money market funds regulation”

On 15 December 2016, the Official Journal of the European Union published the Commission Delegated Regulation supplementing the European Market …

Continue reading “European Union: mandatory bilateral margin rules for investment funds”

On July 13, 2016, the Parliament of Luxembourg passed Bill no. 5730, which provides for a modernization of the Grand …

Continue reading “Luxembourg: modernisation of company law”

On 13 December 2016, the Grand Duchy’s Parliament adopted the new Market Abuse Law. By enacting this legislation, Luxembourg has …

Continue reading “Luxembourg: a new law on market abuse”

On 13 December 2016, the Grand Duchy’s Parliament adopted the new Market Abuse Law. By enacting this legislation, Luxembourg has …

Continue reading “Luxembourg: a new law on market abuse”

In October 2016, the Commission de Surveillance du Secteur Financier (‘CSSF’) issued Circular 16/644, which replaces and repeals Circular 14/587. …

Continue reading “Luxembourg: new CSSF Circular 16/644 on duties of UCITS depositary banks”