In The News

U.S. SEC Issues FAQs for Form ADV

On Jun. 12, 2017, SEC issued FAQ on Form ADV related to Apr. 2016 final rule changes. Do not report social media account, where an unaffiliated distributor controls content. If another person pays your CCO, only report if paid for providing services to your firm. Only report over $1bn in total assets if on adviser's…
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SA Expands Consolidated Takeover Feed to 14 Countries

Solutions Atlantic has expanded its consolidated takeover list to 14 countries; now including Australia, Cyprus, and Malaysia. This consolidated takeover feed supports the takeover reporting obligations simplified by the Regulatory Reporting System. Also released are updated forms for UK TR-1 and Hong Kong SFC Form 2 both of which become effective in the coming weeks.
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Iceland – SA Releases Short Sale Reporting Rule

As previously reported in April 2017, the Icelandic Financial Supervisory Authority announced its proposal to implement the EU Short Selling Regulation into Icelandic law. SA has released the ESMA SSR Rule for Iceland ahead of the effective date, 1 July 2017. More about the ESMA SSR rule: The short selling regulation is a regulation of…
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Jersey – Beneficial Ownership Help

On 12 June, JFSC offered out-of-hours service for beneficial reports. Jersey registered companies have to Jun. 30 2017, to file ownership statements. Statement of beneficial owners and controllers, is also referred to as C17S form. Out of hours service to help fill form provided to meet UK Government deadline. UK agreement is for information-sharing to…
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