Wed, Oct 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers June 2012

Servicers' Spot - BNY Mellon: Do not underestimate the extent of upcoming regulations

BNY Mellon: Do not underestimate the extent of upcoming regulations

Mark Mannion

Mark Mannion, head of relationship management for EMEA at BNY Mellon Alternative Investment Services, an awardwinning fund administrator, believes that fund managers should not underestimate the extent of upcoming regulations - especially in three very important areas.

First, Mannion told Opalesque in an interview, from the U.S. perspective, managers will have to register with the SEC. And "subject to certain thresholds and exemptions, they may need to file very extensive Form PFs on a quarterly basis."

Indeed, the new SEC rule requires investment advisers registered with the SEC who advise one or more private funds and have at least $150 million in private fund assets under management to file Form PF with the SEC - effective March 31, 2012.

As significant amounts of portfolio data have to be included in that Form, BNY Mellon can help fund managers through its completion to ensure they are compliant with the SEC's requirements.

The second area is FATCA. Foreign Account Tax Compliance Act (FATCA) is part of U.S. efforts to improve tax compliance involving foreign financial assets and offshore accounts.

"Funds now need to put themselves into a position where they will be ready to comply with the FATCA Act in 2014," Mannion explains. "At the point of launch, we ensure that the new hedge fund's application forms and documentation will work from a FATCA perspective, by collecting that information that you need in order to set-up each investor on the correct basis in the Transfer Agency S......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t