In this newsletter

- U.S.:

- Dodd-Frank Act – Designation of asset managers as systemically important financial institutions

- Volcker Rule finalised with a more limited application to covered fund activities

- Asia-Pacific:

- The Asian Region Funds Passport – one step closer to reality

- The Feeling’s Mutual – Development in Hong Kong/PRC funds recognition

- Europe:

- Alternative Investment Fund Managers Directive – Implications for depositaries of Illiquid Asset Funds: who wants to be a depositary?

- The Luxembourg perspective on the “Letter Box”

- UK FCA Thematic Reviews

- Tax

- Tax highlights for asset managers

- An excerpt from Dodd-Frank Act – Designation of asset managers as systemically important financial institutions:

What is the policy?

As we reported in last year’s issue, the U.S. Financial Stability Oversight Council (FSOC) has the ability to designate as Systemically Important Financial Institutions (SIFIs) non-bank domestic or foreign companies that are predominantly engaged in financial activities in the U.S. (such entities, Non-Bank SIFIs). Companies that are designated as SIFIs are subject to enhanced oversight and regulation by the Federal Reserve Board (the Federal Reserve)...

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

EU
FCA
SFC
VAT
Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Allen & Overy LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×