The Spanish securities supervisor (CNMV) has recently published new regulations on reporting obligations of Foreign Collective Investment Institutions aimed at implementing on time the product passport rules of UCITS IV, which enters into force July 1st.
The enactment of a new Foreign Private Investment Law in Angola in May has introduced significant reforms to the investor regime, including raising the minimum thresholds in order to benefit from specific custom, tax and
New regulation affecting Spain’s savings banks (cajas) may present institutions with short-term challenges but offers investors with new sector opportunities
Mozambique has recently undertaken a complete overhaul of its exchange control regime with the objective of promoting the free movement of goods, capital, services, and people.Last year it enacted a new Foreign Exchange Law
The Argentine National Congress is currently analysing three important amendments to the Law on Financial Entities. The most important features may redefine the character of public service or interest that is attributed to financial activities.
November 10 saw the European Parliament formally approve the Alternative Investment Fund Managers Directive (AIFMD). This is a complex body of legislation that will clearly need further analysis and development, but the immediate consequence is that,
Spain’s recently enacted Royal Decree-Law 11/2010 has been reported to be the most significant provision in Spanish banking law for many years. It is indeed so. It may help foster the most significant evolution in
The economic situation and the effects of the world crisis on financial institutions have given rise to and fostered numerous initiatives of various natures and types in Spain.
In the UK, the campaign against the current draft of the European Commission’s Alternative Investment Fund Managers Directive has gained considerable momentum. Recently, Lord Myners, the British Government’s ‘City Minister’, said that the
The last two years have been an uncertain time for the private equity market in Spain (uncertainty which, unfortunately, is expected to continue during 2010). The country has, as a consequence of the socalled global credit
