In The News

Israel – ISA Alternative Investment Fund

On 17 July 2019, ISR ISA sought feedback on alternative investment fund. Sought feedback for regulating a new investment product Hedge Fund in Trust. Background Over the last few years there has been rapid development in alternative fund industry. The scope of activity of hedge funds in Israel, for example, is estimated at NIS 20bn.…
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E.U. – ESMA MiFID II Transparency FAQ

On 12 July 2019, EU ESMA updated its FAQ on transparency and market structures. New FAQs provide clarifications on use of pre-arranged transactions for non-equity instruments (amends to S 5 Pre-trade transparency waivers Q11); and also on the hedging exemption of article 8 of MiFIR (S 5 Pre-trade transparency waivers Q11a). Treatment of constant maturity…
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Jersey – Beneficial Ownership to UK

On 12 July 2019, JER States reviewed beneficial data sharing with UK. Review found Jersey's company beneficial ownership information sharing effective. Overview In 2016, Jersey with Guernsey, the Isle of Man and six British Overseas Territories, signed agreement with UK to providing UK with beneficial ownership information. Arrangement, known as exchange of notes (EoN) came into…
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