Driver of a Better Society

Des Fullam, Global Head of Product at Carne, describes how the global asset management industry can contribute to the implementation of the UN’s Sustainable Development Goals (SDG), the added value of the finance industry in reaching SDG targets and the increase in popularity of impact investing through a decrease in barriers. “The world cannot go

Brexit Solutions for Asset Managers

In a special Brexit Report just published by Hedge Fund Magazine, Des Fullam, of Carne Group, looks at some of the options available to investment managers who want to retain marketing rights into Europe post-Brexit As the date for the UK’s official ‘divorce’ from the European Union draws closer, hedge fund managers have to consider

Brexit Blog XI – 15 October 2018

Our last three posts focussed on the challenges facing UK managers currently relying on EU passporting to distribute funds throughout the EU 27. This time we look at the other side of the Brexit coin – the challenge of distributing an EU fund to UK investors.   Brexit is not a one-way street   The

Brexit Blog X – 1 October 2018

Our last post focussed on how a manager using a UK MiFID licence to market EU funds may continue to do so post-Brexit. We now turn our attention to how a manager relying on a UK MiFID licence to operate individually managed accounts may continue to do so.   Business as Usual for Separately Managed

CIMA Advises Changes to AML Deadlines

Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy Money Laundering Reporting Officer (“DMLRO”) Roles Update   The Cayman Islands Monetary Authority (CIMA) has made some changes to the deadlines that Cayman domiciled funds need to comply with to ensure they do not breach their obligations under the Cayman AML Regulations. A

Paris2Nice 2018

The Paris2Nice cycle challenge takes place from September 15th – 20th. Muriel and Nicola from Carne’s Dublin office are taking on this 6 day challenge to raise money for Chernobyl Children International and Laura Lynn Children’s Hospice, two charities that are particularly close to the wider Carne Group. If you would like to support their

Appointments required by September 30th, 2018

Important note on Anti-Money Laundering Compliance Officer (“AMLCO”), Money Laundering Reporting Officer (“MLRO”) and Deputy Money Laundering Reporting Officer (“DMLRO”) Roles Background On 13th December 2017 the Cayman Islands Monetary Authority (“CIMA”) issued their updated Guidance Notes under the new Anti-Money Laundering Regulations, 2017 (“AML Regulations”) which came into force on 2nd October 2017. CIMA

Cayman Funds – Are they in scope for GDPR?

What is GDPR? The General Data Protection Regulation (“GDPR”) governs the collection, storage and processing of data. It is designed to strengthen and unify data protection for all individuals in the European Union. The regulation comes into force on 25th May 2018 and firms must be compliant by this date. GDPR introduces a new principle