Transparency is increasingly at the heart of regulation , and the “Regulatory Guidance for Defined Contribution Schemes” issued by the UK Pensions Regulator in April 2015 is no exception. The regulator’s  guidance outlines the basic requirements it expects DC plans to adhere to. One of the most significant aspects of the  guidance is  the obligation imposed on trustees to disclose, to a scheme’s members, all of the costs and charges borne by members. 

We spoke to Keith Burman, a Partner at Management Plus during the ALFI London Conference in April 2015 about European Long Term Investment Funds (ELTIFS), what they mean for the real estate industry, their drawbacks, and the compliance obligations surrounding ELTIFS.

Organisations such as BlackRock are well-placed to provide prime brokerage to hedge fund managers that are being exited by bulge bracket banks. 

A number of prime brokers including Credit Suisse, Deutsche Bank, Goldman Sachs and Bank of America Merrill Lynch have been terminating hedge fund relationships, particularly those managers deemed unlikely to grow Assets under Management (AuM) or which are unprofitable.  

Base Erosion and Profit Shifting (BEPS), the Organisation for Economic Cooperation and Development’s (OECD) initiative designed to clampdown on multinational corporations’ tax structures, will have a devastating impact on offshore fund centres.

The European Securities and Markets Authority (ESMA) has granted equivalence to 10 Asia-Pacific (APAC) central counterparty clearing houses (CCPs), thereby allowing third country CCPs to provide clearing services to EU clearing members and trading venues.