Articles

September 28, 2018

The following article written by ACA's Michael Abbriano and Brett Ambrose appeared in the September 2018 National Society of Compliance Professional's Currents newsletter.

June 12, 2018

Dear Clients and Friends,

The FCA has recently published a Policy Statement and a Consultation Paper containing proposed remedies to the concerns first identified in its Asset Management Market Study (“AMMS”). These proposals apply to Authorised Fund Managers (“AFMs”)1 in respect of their management of authorised funds, such as UCITS. In this alert we summarise the FCA’s key measures and consider any longer term implications for the wholesale investment management sector.

May 23, 2018

On 25th May 2018, the General Data Protection Regulation (GDPR) comes into effect.

The new legislation aims to strengthen and unify data protection requirements across all EU member states. Specifically, it was designed to protect the personal information of European citizens (data subjects), allowing them greater rights over how their data is processed, stored, and used by organisations. As a contact of ACA we'd like to remind you to review our privacy policy.

May 2, 2018

As the financial services industry is well aware, MiFID II went live at the start of this year. Financial firms and markets didn’t grind to a halt, as some had feared, but significant issues and uncertainties persist. The FCA has indicated that it is not inclined to pursue enforcement action (at least initially) against firms who made a genuine attempt to be ready for the new obligations.

April 19, 2018

The following written by ACA's Danielle Joseph and Anthony Frattone appeared in the April 19, 2018 edition of The Hedge Fund Law Report.

April 2, 2018

During the first quarter of 2018, U.S. regulatory agencies and a federal district court issued statements and took actions that are likely to significantly affect the U.S. regulatory landscape for digital assets, including cryptocurrencies, initial coin offerings, and digital asset trading platforms. This article is intended to serve as a summary of the recent key regulatory developments that apply to organizations operating in the U.S. digital asset space.

March 25, 2018

ACA Europe Digest provides clients with a brief overview of the major compliance developments facing investment managers, including issues we have reported on over the last few months, and a look ahead to what’s on the horizon. We appreciate understanding the relevant issues to your business from a regulatory compliance perspective can be a time-consuming exercise. However, ACA’s team continue to analyse regulatory developments and relevant legislation to assist you in staying current.

January 25, 2018

The following written by ACA's Danielle Joseph and Manny Halberstam appeared in the January 25, 2018 edition of The Hedge Fund Law Report.

January 17, 2018

On January 10, 2018, the staff of the U.S. Securities and Exchange Commission’s (“SEC”) Division of Investment Management released answers to 15 questions regarding its October 2016 liquidity risk management program rule. The SEC staff’s guidance, addressed here in part, focused on sub-advisers and In-Kind exchange-traded funds (“ETFs”) (as defined in the rule).

December 22, 2017

The following article appeared in the December 2017 of NSCP's Currents Newsletter. It was written by ACA's Michael Abbriano.

November 30, 2017

The following article appeared in the November 2017 issue of the National Society of Compliance Professionals' monthly newsletter Currents. It was written by ACA's Mark W. Lawler.

October 12, 2017

While the fourth quarter is often the busiest one for regulatory filings and fulfilling other compliance obligations, hedge fund managers should ensure that their compliance programs finish the year on a strong note and that key compliance processes are not neglected.

October 11, 2017


Dear Clients and Friends,

It is a common assumption that the EU’s PRIIP Regulation “the PRIIP Regulation” has no relevance to the alternative investment management sector because it applies solely to retail investors. In fact, PRIIP takes a much broader view of who is a retail investor, and is likely to capture employees, as well as friends and family of the investment manager. In this alert, we take a look at the requirements of the PRIIP Regulation and the implications for all managers who take on this new category of investor.

 

October 6, 2017

The following article was featured in the September 2017 edition of Financier Worldwide. It was written by ACA's Jami Jack and Ken Harman.

It is hardly surprising that European technology investment has grown tremendously over the past few years, given the fresh wave of innovative start-ups coming on the scene each month. As a consequence, Europe is now home to a host of mature yet fast-growing technology businesses, such as Auto1, blablacar, Klarna, iZettle and SumUp. 

September 27, 2017
Protecting Your Business from All Angles —  Preventing a Cyber Incident from the Top-Down and Inside-Out

Cyber incidents can have devastating effects on business of all sizes. A breach or malware attack could cripple business operations, lead to financial losses, expose sensitive data, and cause reputational damage.