Zurich property boutique obtains Finma licence
Seraina Invest has picked up its Finma licence as it sets its sights on launching new real estate funds.
Legal
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BlackRock drops sustainability-related terms from 56 funds ahead of ESMA deadline
Fellow US manager Federated Hermes also adjusts names, exclusions for ESG, SDG and biodiversity funds.
Three ways to improve current sentiment for AIM
Consequently, UK stocks listed on AIM will now have a 20% inheritance tax applied to them, as part of measures aimed at raising up to £2bn.
FCA bans and fines Crispin Odey £1.8m
The founder of Odey Asset Management has been fined and banned for showing ‘reckless disregard’ for governance.
Swiss Banks Caught in Crossfire as Spain Intensifies Tax Scrutiny
Relocating to Spain can be highly lucrative for professionals due to tax advantages.
Former B. Riley wealth platform head launches RIA
Thomas Kowalczyk has stood up Steadtrust LLC, a Dallas-area RIA.
ASIC bans former director of Suetonius Wealth Management
Additionally, ASIC determined that Mr Surtenich lacked the necessary judgement and competence to be a financial adviser.
UBS Receives Approval for Restructuring in China
The China Securities Regulatory Commission has approved the sale of a 36.01 percent stake to Beijing State-owned Assets Management.
FINMA provides information on the status of licences issued to portfolio managers and trustees
The new licensing requirements, which must be complied with at all times, primarily serve to protect investors from unfair business practices and to strengthen the reputation of the Swiss financial centre.
Saffery Trust Associate Director receives STEP Founder’s Award for Outstanding Achievement
In 2023, under Matthew’s leadership, Guernsey became the first jurisdiction globally to launch STEP NextGen, followed by the Cayman Islands STEP NextGen initiative, which is sponsored by Saffery Trust.
BaFin imposes heavy fine on Deutsche Bank
Deutsche Bank had violated organizational obligations under the Securities Trading Act in connection with the sale of currency derivatives in Spain.
FinTech start-up SWISS4.0 SA in liquidation
FINMA has engaged Valfor Avocats Sàrl as the bankruptcy liquidator.