Here we share product, market and regulatory changes that impact our clients, namely fund managers, superannuation trustees, listed companies, family offices and dealer groups.
Access our latest thinking below. We hope you find the articles useful for running your investment business.
23 Jul 18
The Cayman Islands Monetary Authority has released a set of FAQs targeting Cayman-domiciled funds (regulated and un-regulated) and the requirements under the Anti-Money Laundering Regulations (“AMLRegs”) and the requirement to appoint a MLRO, DMLRO and AMLCO.
AML developments for Cayman funds
22 Mar 18
The Attribution Managed Investment Trust (AMIT) legislation was passed into law in May 2016 and the new regime can now be adopted by qualifying managed investment trusts. Mainstream is pleased to announce that we are on schedule to cater for AMIT funds for the financial year end 30 June 2018 (FY17/18).
Update on Attribution Managed Investment Trust (AMIT) Legislation
23 Feb 18
The NDB scheme requires organisations covered by the Australian Privacy Act 1988 (Privacy Act) to notify any individuals likely to be at risk of serious harm by a data breach. It is designed to help protect the privacy rights of individuals, and strengthen community trust in businesses and agencies.
Preparing for the Notifiable Data Breach Scheme
09 Jun 17
CRS, the single global standard for the collection, reporting and exchange of financial account information on foreign tax residents, requires significant changes to data management, process and technology for fund managers.
Update on the Common Reporting Standard
28 Apr 17
AFS (Australian financial services) licence relief has been granted by the Australian Securities and Investments Commission (ASIC) for financial service providers regulated by the Luxembourg financial supervisory authority Commission de Surveillance du Secteur Financier (CSSF) to provide financial services in Australia to wholesale investors.
Australian institutional investors get easier access to Luxembourg UCITS