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Apex sets out new compliance solutions services

This follows the recent expansion of Apex’s subsidiary Throgmorton, into the US, Switzerland and the Channel Islands

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Cayman Islands welcomes new regulatory regime for virtual assets

The Cayman Islands has welcomed a new framework for regulating virtual asset business, which is set to help maintain the jurisdiction’s position as an attractive domicile for legitimate virtual asset businesses

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Guernsey rolls out fast track system for fund managers

Guernsey has launched fast track applications for fund managers to migrate to the island

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New Cayman Islands private funds law enhances opportunities for depositories

The Cayman Islands Private Funds Law 2020 is set to extend the oversight role played by depositories for many Cayman investment funds, according to INDOS Financial, the independent depositary and oversight group

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State Street offers ETF servicing to Water Island Capital

State Street has been appointed as the exchange-traded fund (ETF) servicing agent for Water Island Capital’s first ETF

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SANNE acquires Inbhear

SANNE says that this deal is “a fantastic opportunity” as it further strengthens its expertise in Dublin and adds a new strategic location such as the Cayman Islands to its global office network

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Trade bodies unite to call for CSDR buy-in delay

Fourteen trade associations including ISLA, ICMA and AFME have sent a joint letter to the EU requesting radical reforms to CSDR’s settlement regime to avoid a liquidity crisis in Septemeber

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PRA places £44 million fine on Citigroup

One industry expert says it is becoming ‘increasingly difficult for firms to stay within the rules” as the number of legislative initiatives that compliance teams need to maintain grow

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TMF Group selects FIS Investran private equity solution

Fund administrator TMF Group has selected the FIS Investran private equity solution to serve its clients, following its acquisition of State Street’s fund services business in the Channel Islands

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IQ-EQ appoints new client director

IQ-EQ has appointed Tedrick Green as client director to support its growing offering in the Cayman Islands

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Guernsey considers introduction of LLCs

Guernsey is proposing to adopt limited liability companies to enhance the island’s competitive position in the US

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TMF Group expands fund services

TMF Group has acquired State Street’s private equity and real estate fund administration business in the Channel Islands

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