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…
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…
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…
The Irish Funds Annual Conference 2021 took place over two days on the 19th and 20th of May as a fully interactive online event. This year’s conference theme was Accelerated Transformation – Disruption and Opportunity and covered the industry’s key topics featuring global opinion leaders via discussion panels and keynote presentations. We were delighted to…
Last week, 27th of May, we hosted a webinar with a panel of industry experts comparing Ireland and Luxembourg as domiciles for establishing a fund in Europe. During the webinar, expert panellists discussed a wide range of related topics including the size of the European market, the advantages of having a European fund, distribution, investor…
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…
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…
I joined Carne Luxembourg in April 2021 as Head of Distribution, leading international distribution strategies and leveraging the use of technology to support commercial operations. Prior to joining Carne, I spent ten years at PwC Luxembourg working within the Global Fund Distribution Advisory practice. At PwC I was responsible for assisting and advising global asset managers…
Carne Group is delighted to act as Management Company for Credit Value Partners LLC on the establishment of one of the first funds to be set up using the new Irish Investment Limited Partnership (ILPs) regime which came into force in February 2021. The Carne team worked closely with Arthur Cox and U.S. Bank on…
Dublin, 05 May 2021 – Connor, Clark & Lunn Financial Group (CC&L Financial Group), one of Canada’s largest independent asset managers, announced today the launch of the Connor, Clark & Lunn UCITS ICAV. The UCITS ICAV is an Irish collective asset-management vehicle constituted as an umbrella fund with segregated liability among sub-funds and managed…