At 11pm GMT on 31st January, the UK will officially leave the European Union. Initially, little will change from a practical point of view as a transition period will be in place until 31st December 2020, during which free movement of people, goods and services will continue. What does this mean for Investment Managers? …
On 6th September 2019, the Central Bank of Ireland (“CBI”) issued the Anti Money Laundering and Countering the Finance of Terrorism Guidelines for the Financial Sector (“the Guidelines”) following enactment of the Criminal Justice (Money Laundering and Terrorist Financing) Amendment) Act 2018. The Guidelines set out the expectations of the CBI regarding factors that Firms…
Pascal Dufour, Carne Group Luxembourg’s Country Head & Group Chief Technology and Innovation Officer is interviewed in the latest edition of Duke Magazine. Pascal talks innovation, next generation technology and the future of the funds industry in Luxembourg. Check out the full interview
Each year Carne asks employees from across the group to volunteer to take on the challenge of cycling from Paris to Nice – cycling close to 750 kilometers in 6 consecutive days! This year Luc de Vet and Cord Rodewald, both from our Luxembourg office, have volunteered to take on the challenge. The cycle begins…
We were delighted to host a joint seminar with Global Counsel in the Institute of Directors, London, on Tuesday 30th July. One week into his leadership of the Conservative Party, the seminar set out to explore what asset managers might expect from Boris Johnson as Britain’s new Prime Minister. View Summary Flyer
A new law of 13 January 2019 establishing a Register of Beneficial Owners (RBE) for Luxembourg registered entities was published on 15 January 2019 in the Luxembourg Official Gazette (Mémorial A) (RBE Law). The RBE Law entered into force on 1 March 2019. However, registered entities are granted a six-month transition period from when the…
Survey Deadline 5th July 2019 for Management Companies & Self-Managed Funds With the Central Bank’s rules on Fund Management Company effectiveness (commonly referred to as CP86) almost a year old, the Central Bank of Ireland (CBI) has taken the first steps in its review of compliance with the new rules. The Bank has written to…
Rockefeller Asset Management, a division of the U.S. based financial services firm Rockefeller Capital Management, has rolled out its first two UCITS compliant funds to attract European investors to its long-standing environmental, social and governance strategies, the Rockefeller Global ESG Equity Fund and the Rockefeller U.S. ESG Equity Fund. The New York based asset manager…
On 22nd March 2019, the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 came into effect in Ireland. The Regulations require corporate and other legal entities incorporated in Ireland to hold adequate, accurate and current information on their beneficial ownership, including details of the beneficial interests held. UCITS and AIFs including ICAVs,…
The Irish Funds Annual Global Funds Conference took place earlier today, Thursday, 23 May 2019 at the Convention Centre Dublin. The conference, the biggest to date, was attended by more than 450 delegates from over 17 different countries. The theme of the conference was “The Future of Funds – Evolution or Revolution?” In giving the…