Appointed Rep https://www.appointedrep.co.uk/ Providing Regulatory Hosting solutions via our FCA authorised firms’ Talbot Capital and CAL Investments Mon, 26 Oct 2020 10:10:20 +0000 en hourly 1 https://wordpress.org/?v=6.8.2 https://www.appointedrep.co.uk/wp-content/uploads/2020/06/cropped-Appointed-Rep-logo-avatar-32x32.png Appointed Rep https://www.appointedrep.co.uk/ 32 32 Brexit and the Network and Information Systems (NIS) Directive https://www.appointedrep.co.uk/brexit-and-the-network-and-information-systems-nis-directive/ Mon, 26 Oct 2020 10:10:20 +0000 https://www.appointedrep.co.uk/?p=5743 The UK Government’s recent Brexit notice update regarding digital services, published on 16th October, reminds organisations that from 1 January 2021 changes are required to the way certain service providers operate in the UK and EU. Customers procuring relevant digital services may also want to amend their due diligence processes to reflect this. What are […]

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]]> Changes for alternative investment funds The European Commission has issued its report on the AIFMD https://www.appointedrep.co.uk/changes-for-alternative-investment-funds-the-european-commission-has-issued-its-report-on-the-aifmd/ Wed, 14 Oct 2020 21:17:43 +0000 https://www.appointedrep.co.uk/?p=5726 The European Commission has issued its much-awaited report on the Alternative Investment Fund Managers Directive (AIFMD). The report is short – only six pages of substance – but gives a clear sense of the direction of travel. A consultation is expected later in the year, followed by legislative proposals in early 2021. The report indicates that […]

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]]> Cayman’s financial services industry pleased with EU’s recognition of Cayman Islands cooperation https://www.appointedrep.co.uk/5723-2/ Wed, 14 Oct 2020 21:07:49 +0000 https://www.appointedrep.co.uk/?p=5723 The following statement can be attributed to Jude Scott, CEO of Cayman Finance: “The EU’s recognition of the Cayman Islands as cooperative on both transparency and fair taxation is an important validation of Cayman’s commitment to a responsible policy of tax neutrality that poses no harm to other countries.  The EU now joins many other […]

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]]> FCA and Principal Firm SHortcomings https://www.appointedrep.co.uk/fca-and-principal-firm-shortcomings/ Wed, 14 Oct 2020 20:49:35 +0000 https://www.appointedrep.co.uk/?p=5717 The FCA has raised concerns about appointed representative (AR) arrangements entered into by firms in the investment management sector (including AIFMs, asset managers and advisorarrangers). The FCA has identified significant shortcomings in the way that principal firms oversee their ARs, and has found that principal firms often do not adequately assess the risks that the […]

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]]> Questioning Cayman approved auditors https://www.appointedrep.co.uk/questioning-cayman-approved-auditors/ Wed, 01 Jul 2020 09:00:42 +0000 http://176.74.20.5/~appointe/?p=5644 In seeking an auditor for a Cayman exempt fund we manage in advance of the impending deadline for registering with CIMA, a colleague of mine recently reached out by email to a number of Cayman approved auditors, requesting a quotation. Of those that did reply, the disparity in the fee quoted was huge. For any […]

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]]> FCA have today announced a continued 2 month extension for complaints reporting https://www.appointedrep.co.uk/fca-have-today-announced-a-continued-2-month-extension-for-complaints-reporting/ Fri, 26 Jun 2020 16:17:09 +0000 http://176.74.20.5/~appointe/?p=5668 Heads up for our GABRIEL reporting clients. Due to the coronavirus pandemic, FCA have today announced a continued 2 month extension for complaints reporting for investment firms, credit unions and CMCs, for returns falling due up to and including 30 September 2020. Other returns granted an extension back in April, falling due for submission after […]

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]]> Update on Cayman Exempted Funds https://www.appointedrep.co.uk/update-on-cayman-exempted-funds/ Thu, 18 Jun 2020 15:30:09 +0000 http://176.74.20.5/~appointe/?p=5641 A quick reminder that Cayman Exempted Funds, generally those set up in anticipation of having 15 or fewer investors, are now required to register with CIMA before 7th August 2020. If you need any help with the registration process, or a run down on the implications, please do get in touch.

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]]> EU adds the UK territory of the Cayman Islands https://www.appointedrep.co.uk/eu-adds-the-uk-territory-of-the-cayman-islands/ Sun, 10 May 2020 15:12:07 +0000 http://176.74.20.5/~appointe/?p=5632 Followers of the funds industry will be aware that the EU added the UK territory of the Cayman Islands, long regarded as the go-to jurisdiction by hedgies everywhere, to its blacklist of tax havens earlier this year. The territory therefore joins a group of twelve jurisdictions who the EU feel have weak tax transparency and […]

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]]> Changes to regulatory reporting during coronavirus https://www.appointedrep.co.uk/changes-to-regulatory-reporting-during-coronavirus/ Thu, 30 Apr 2020 16:04:37 +0000 http://176.74.20.5/~appointe/?p=5658 FCA announced an element of relief. Consequently, the submission deadlines for a total of 17 Gabriel and COREP returns due up to and including 30th June 2020 have been extended by one month.

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]]> Looking to set up your own fund in 2020? https://www.appointedrep.co.uk/looking-to-set-up-your-own-fund-in-2020/ Sat, 08 Feb 2020 16:10:56 +0000 http://176.74.20.5/~appointe/?p=5665 Looking to set up your own fund in 2020? Need regulatory cover? Need a depository or an administrator? Don’t want to pay huge “bulge bracket” fees? We can help. Start-ups our speciality! Please do get in touch.

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