Since the financial crisis of 2008, there has been a shift away from internationally agreed standards and principles. De-globalisation has picked up pace with COVID 19 and events such as BREXIT, resulting in regulators and policymakers becoming increasingly focussed on national legislation.
Alternative Investment Managers now have to perform a detailed analysis of the cross border implications of licensing, regulatory reporting, compliance monitoring and marketing rules, even if their sole activity is managing an offshore hedge fund.
Michelle Bedwin, partner, Chief Compliance Officer, Coremont, discusses these topics in the latest edition of the AIMA journal. The article provides clarity to Alternative Investment Managers grappling with numerous and sometimes contradictory requirements: