FCA Publishes Report on Hedge Fund Activity in the UK
On March 24, the FCA published a report which sets out its findings from a survey of hedge fund activity in the UK.
Key findings are:
98 percent of total leverage used by hedge funds in the UK is acquired through derivatives.
Institutional investors are the dominant investors in hedge funds.
The proportion of high net worth individuals investing in hedge funds has declined.
Equity strategies are the most popular among the funds in the survey. Report.
Updated Basel III Monitoring Workbook Published
The Bank for International Settlements has published on its website an updated version of the Basel Committee on Banking Supervision's Basel III monitoring workbook, accompanying instructions and a list of frequently asked questions.
This documentation forms part of the Basel Committee on Banking Supervision's current monitoring exercise which aims to assess the impact of the Basel III framework and standards on participating banks. Website.
ESMA Publishes Q&A Paper on Regulation of European Venture Capital Funds and European Social Entrepreneurship Funds
On March 26, the European Securities and Markets Authority (ESMA) published a Questions and Answers paper on the application of the European Social Entrepreneurship Funds (EuSEF) Regulation (Regulation 346/2013) and the European Venture Capital Funds Regulation (EuVECA) (Regulation 345/2013).
These regulations provide a common EU framework for managers of EuSEF and EuVECA that are registered with the competent authorities.
The paper seeks to answer questions relating to the practical application of the regulations, in order to encourage the adoption of common supervisory approaches among competent authorities. Q&A Paper.