Aztec Group gets Luxembourg AIFM license
Jersey-headquartered Aztec Group has announced the launch of its Alternative Investment Fund Manager (AIFM) service in Luxembourg. This new service offers a range of support functions required by alternative investment managers establishing and managing European alternative investment funds. The services include marketing, compliance, risk management, regulatory reporting, and portfolio management.
L’approche de l’UE sur la double imposition des dividendes ne convainc pas
Les ministres européens des Finances ont approuvé cette semaine une révision majeure des procédures administratives de remboursement de l’impôt sur les dividendes indûment retenu à la source sur les investissements transfrontaliers.
Cette approbation fait partie d’un plan qui, du moins sur le papier, pourrait rapporter chaque année plus de 8 milliards d’euros de recettes supplémentaires aux investisseurs transfrontaliers de l’Union européenne à partir de 2030.
SEC, CSSF alarmed by increasingly complex fee structures
Speaking at an ALFI event in New York, the U.S. Securities and Exchanges Commission, SEC, and Luxembourg financial supervisor CSSF have jointly voiced significant concerns about “increasingly complicated fee structures” in the fund industry, warning that these practices may be obscuring the true costs for investors.
Lukewarm reactions to EU’s withholding tax overhaul plan
A plan that could provide cross-border investors in the European Union with annual gains worth more than eight billion euro has moved a step closer to becoming reality in 2030.
Le Royaume-Uni veut durcir les règles pour les fonds étrangers
Le Royaume-Uni envisage de lier l’accès au marché des fonds d’investissement étrangers à des exigences rigoureuses en matière de reporting sur la durabilité. Tous les fonds qui accèdent au marché britannique devront dès lors se conformer à des normes strictes en matière d’environnement et de gouvernance sociale.
Les sociétés de fonds, corresponsables de l'évasion fiscale des multinationales
Les entreprises cotées qui présentent les scores ESG les plus élevés et dans lesquelles les fonds ESG investissent le plus sont les moins imposées - dans bien des cas, même, moins que ce que la loi prescrit. D’après le professeur Gideon Parchomovsky, les investisseurs institutionnels sont coresponsables de cette situation.
Where is the silver bullet for a strong capital markets union?
Strengthening the capital market union is a priority in Brussels. Recently, former Italian Prime Minister Enrico Letta published a report titled «Much More Than a Market.» Letta offered his insights to the European Council on how to proceed with the European capital market union.
In his report, Letta indicated that the mobilisation of private capital should be a priority for the capital market union. To this end, he calls for the creation of a Savings and Investments Union. Is this merely old wine in new bottles?
UK considers linking market access to sustainability reporting
The UK›s new Overseas Fund Regime (OFR) plans to integrate strict sustainability reporting for foreign investment funds by 2025, enhancing market access while maintaining a competitive investment landscape post-Brexit.
Ireland launches its first three Eltifs under new EU regulations
Ireland has marked a significant milestone by registering its first three European Long-Term Investment Funds (Eltifs) under the revamped European framework, the Dublin-based national financial supervisor has told Investment Officer Luxembourg.
AML efforts stymied by lack of qualified staff, PwC finds
Despite constant new regulations and sophisticated technology, one of the main reasons why money-launderers and terrorism financiers continue to succeed is a simple lack of qualified personnel able to make effective use of such tools, according to a recent survey carried out in the Europe, Middle East and Africa (EMEA) region by global accounting firm PwC.