Executive Committee Update

We recently announced some changes to our Executive Committee. Pascal Dufour, based in our Luxembourg office, takes on the role of Carne’s Group Chief Product Officer. Pascal leads our Luxembourg business and has been central to the development and success of our next generation technology platform, CORR. As Group Chief Product Officer Pascal will develop

Carne-Newsletter-Regulatory-Update

Final Technical Standards (“RTS”) Update

The European Commission has delayed the effective date of regulatory technical standards related to the Sustainable Finance Disclosure Regulation and Taxonomy Regulation by six months. The Commission has indicated that due to the length and technical detail of the regulatory technical standards, the late submission to the Commission and the planned amendments, it considers it

Webinar: EU Cross-Border Fund Distribution Rules are Changing – Are You Ready?

On August 2nd, 2021, new rules are coming into force for the cross-border marketing and distribution of Alternative Investment Funds (“AIFs”). The changes aim to standardise the definition of pre-marketing and bring improved cost efficiencies and transparency. These changes are particularly relevant for non-EU fund managers looking to raise capital in Europe. To discuss these

Cayman Islands Anti-Money Laundering (AML) Update

Anti-Money Laundering (AML) Update

On June 7 the Cayman Islands Monetary Authority (“CIMA”) reminded all persons carrying out relevant financial business (“Licensees and Registrants”), that they are expected and required to ensure that their Anti-Money Laundering Compliance Officers (“AMLCO”), Money Laundering Reporting Officers (“MLROs”) and their Deputies, are aware of their respective duties and responsibilities as set out in

Asset Management One Alternative Investments (AMOAI) connects the capital of Japanese investors to global infrastructure markets

This month we shine the spotlight on an infrastructure debt fund launched by one of our Japanese clients, Asset Management One Alternative Investments Ltd. (AMOAI).   In January 2021 AMOAI launched their third Global Infrastructure Debt Fund, the Cosmic Blue PF Magnolia FCP-RAIF debt fund. The fund currently has a committed amount of 30 billion

Carne-Newsletter-Regulatory-Update

New Pre-Marketing Rules

Introduction Regulation (EU) 2019/1156 and Directive 2019/1160 have introduced new rules for the cross-border marketing and distribution of Alternative Investment Funds (“AIFs”) within the EU. The majority of these rules will take effect from 2 August 2021. The new rules aim to harmonise current national regulatory approaches in the context of pre-marketing whilst bringing improved