The AIMA has published a new set of practical guides for hedge fund managers covering the UK, Ireland and Luxembourg. The new guides will help AIMA members with answering key questions to establishing businesses or setting up funds in these locations.
Jack Inglis, AIMA CEO, said:
“We hope that these practical guides for the UK, Ireland and Luxembourg improve managers’ understanding of what they need to do in order to establish a business or fund in those locations.
Innovation matters in today’s intensely competitive global environment, and venture capital has an outstanding record of financing some of Europe’s most innovative growth businesses.
Corporate venture capital (CVC) has long been a key part of the venture sector, but many believe that it has more to offer. In the search for a sustainable innovation strategy, a number of larger corporates have recently joined their peers in launching CVC funds and programs – and the conditions may be right for more to do so in the years ahead.
Sturgeon Ventures LLP made an enquiry to the FCA regarding a number of other firms offering FCA Authorisation Services or Regulatory Hosting who were themselves regulated.
Sturgeon Ventures, the regulatory incubator, has entered into a unique joint venture with Dublin’s Gandon Alternative Fund Management to offer a full regulatory service for alternative investment funds (AIFs) in Europe.
It is the first regulatory incubation service to offer full coverage for both the Alternative Investment Fund managers Directive (AIFMD) and the Markets in Financial Instruments Directive (MiFID).
Seonaid Mackenzie will be a headline speaker at the Hedge Fund Start-up Forum London 2014 on 7th May, on ‘Compliance & Regulation: Best Practice & Meeting Challenges’. The talk will include:
Sturgeon Ventures is amongst those encouraged by the growth of business in Dublin, with the latest views in AIFM Irish Solutions, reported by the Irish Funds Industry Association:
“According to information released from the Central Bank of Ireland (CBI) to the IFIA today, applications from 72 fund management firms are being processed at present, with 11 AIFMs already authorized by the Central Bank of Ireland. In recent weeks 47 applications have been received.”
Read the full article on HedgeCo.Net
ADD TO YOUR T&C LOG YOU HAVE READ POLICY PS 14/4 NOTE: PROMOTION OF UNLISTED SHARES SHOULD NOW STATE THAT THEY ARE “NOT READILY REALISABLE SECURITY” NEW FCA TERM (PAGE 37) Friday 7th March 2014
Sturgeon Ventures LLP is a headline speaker at AngelNews’ Great British Private Investor Summit on March 18th where Seonaid Mackenzie will be interviewed by Modwenna Rees-Mogg on Governance Ethics and Culture. Joining Seonaid on the day are keynote speakers Rajat Malhotra and Kevin McCloud and the key players in the crowd funding, peer-to-peer lending and alternative finance market for panel debates and live pitches.
The FCA have 11 Principles of Business which are general statements of the main regulatory obligations that apply to firms that are regulated by them. The Principles set out in simple terms the high level standards that all firms must meet.
If your firm contravenes one or more of the Principles, it could face enforcement action, this could, for example, result in your firm’s authorisation being removed.
It is vital that you are aware of these Principles and ensure your firm implements them and continually reviews that these standards are being maintained.
The ‘patchwork quilt’ of regulatory requirements resulting from European Union member states exercising discretion under the Alternative Investment Fund Managers Directive is likely to deter many non-EU firms from operating in the market – but that need not be the case, according to Sturgeon Ventures, the regulatory incubator.
The ‘National Private Placement Regime’ enables fund managers to market hedge funds in the EU that are ineligible for passporting under the AIFMD, either because they originate outside the European Economic Area or they are managed by non-EEA managers. It is estimated that around 17 of the EU member states intend to allow some form of private placement, while others have even yet to announce their intentions. But the result is a patchwork of national treatments of the inward marketing of alternative investment funds.
FCA Logo is never to be used in branding by FCA Regulated Firms, their Appointed Representative Firms or any other associated company.
Consumer duty refers to the responsibility of consumers to make informed and ethical choices when it comes to purchasing goods and services. It encompasses the idea that consumers should consider the impact of their consumption habits on society, the environment, and other stakeholders.
Why should we care, it’s just a little education, whilst pondering about why 15th January is called Blue Monday, I thought why the rainbow is a symbol of hope… and the educational piece came about.
Sturgeon Ventures supports Crosslight Advice and Seonaid Mackenzie is a trustee, this charity is having an impact on our society during these times of hardship www.crosslightadvice.org.
Sturgeon Ventures recently read that the FCA has launched a permanent Digital Sandbox for those involved in a variety of related themes, including – banking, payments, pensions and wholesale sell and buy-sides.
Sturgeon Ventures is pleased to share the latest press release from The Women in Finance Charter Annual Review 2022 and proud to say it has been a signatory to the Charter since its inception in July 2016.
Sturgeon Ventures likes to share great articles on important topics for our industry. See below for a recent article from Osborne Clarke on the issues around sustainable ESG performance or specific ESG-linked activities.
Sturgeon Ventures are pleased to announce that they have won the recent Lawyers Worldwide Awards 2023 for Start-up Compliance Consultancy Firm of the Year – UK.
