‘Trust is important in the good times but also in the bad because life goes in peaks and troughs and there’s going to be a point when you’re going to require that trust, and if you’ve lost it before, how do you go about demonstrating that actually you are not going to repeat history?’
ESMA Advice on Extending the AIFMD Passport to Non-EU Countries
ESMA sees no significant obstacles to extending the AIFMD passport to nine key countries.
The European Securities and Markets Authority (ESMA) has published advice to the European Commission, the European Parliament, and the European Council in relation to the application of the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU alternative investment fund managers (AIFMs) and alternative investment funds (AIFs) in 12 countries. This advice follows ESMA’s earlier advice published on 30 June 2015 on the application of the AIFMD passport to non-EU countries.
Sturgeon Ventures Wins Multiple Awards at the 11th Annual ACQ5 Global Awards
The 11th Annual ACQ5 Global Awards 2016, have for the 3rd year running awarded Sturgeon Ventures as the Best Regulatory Hosting firm of the year alongside:
- International Business Strategy Consultancy of the year
- UK – Gamechanger of the year – Seonaid Mackenzie
- Family office Wealth Advisor of the year
Sturgeon Ventures LLP Signs up to the Women in Finance Charter
Sturgeon Ventures LLP has signed up to the Women in Finance Charter and is committed to improving gender diversity in financial services driving genuine change in the sector.
For further information on the Women in Finance Charter see Treasury website below:
Women in Finance Charter
The Impact of Brexit On Non-European Hedge Funds
“Good morning everyone, the country has just taken part in a giant democratic exercise, perhaps the biggest in our history…The British people have voted to leave the European Union and their will must be respected,”
David Cameron, 24th June 2016
With the Brexit referendum decided and David Cameron’s resignation announced, we look at the key impact of the referendum decision on the non-European fund industry.
MFSA Launches new fund structure: Notified AIF’s
On 11 February 2016 the Malta Financial Services Authority (“MFSA”) announced the launch of a new fund regime for Alternative Investment Funds (“AIFs”), namely the Notified AIF will not require licensing by MFSA and will not be subject to on-going MFSA supervision. The MFSA will publish a list of Notified AIFs on their website and the new structure will begin from mid-May 2016.
The Notified AIF may be set up in any structure under Maltese law and may target professional investors who meet the requirements of the framework set out by the MFSA.
Any EU/EEA full-scope AIFMs, licensed by the MFSA or in possession of the management passport under Article 33 of the AIFMD, may request to the MFSA for an AIF to be included on the List of Notified AIFs. The timeframe of 10 business days from the date of filing a duly completed notification pack has been indicated by the MFSA for inclusion of the AIF on to the Notified AIF list. Providing that the AIFs falling within the constraints of the notification criteria are managed by a full-scope AIFM, and jointly with the governing body of the AIF will take full responsibility for the Notified AIF. Interestingly, third country AIFMs may also submit requests for a notification of an AIF if pass porting rights have been granted to the country where the AIFM has been established.
To read the full article, click the link below.
MFSA Launches new fund structure: Notified AIF’s
Strathmore Who's Who Recognises Sturgeon Ventures 18th Birthday and Auction for Samuel
The Auction for Samuel appeared on Times Square from 14-17 April 2016 on Main Board in Times Square in New York as an achievement.
Becky Neill, who is one of our valued consultants at Sturgeon Ventures has a son Samuel who needs help as a Key to Change his life. Seven year old Samuel was born 11 weeks prematurely (due to an infection). As a result of this he suffered a small abrasion on the brain which resulted in Cerebral Palsy.
HFM Awards 2016 – European Services Awards
Sturgeon Ventures LLP is short listed as the Best Regulatory Hosting Platform for 2016 for the HFM Awards 2016 – European Services Awards. The final will be on 21st April at The Hurlingham Club.
Management Responsibilities Map
March 2016 saw many FCA updates in the FCA Handbook, one which caught our eye as a change of phrase is Management Responsibilities Map for UK Relevant Authorised Person, strengthening accountability to be shown to the FCA and others doing due diligence on a firm.
A firm must, at all times, have a comprehensive and up to date document. We would have known this before as an Internal Organisation Chart. This came into the FCA Handbook as of March 7th 2016.
Sturgeon Ventures Attends Women’s Private Equity Summit
Sturgeon Ventures is a sponsor of the 9th Annual Women’s Private Equity Summit conference starting today until Friday 11th March at The Ritz-Carlton, Half Moon Bay, California. The Falk Marques Group is the conference host.