UK’s Top 15 Online Gift Cards & e-Gift Vouchers for Christmas Revealed
They will need to comply with information requirements, but will not benefit from the passport unless they opt in to the full requirements of the AIFMD. However, sub-threshold managers of European venture capital funds may be able to use a passport under the European Venture Capital Funds Regulation (EuECVA Regulations), if they comply with the requirements in the Regulations, some of which mirror AIFMD requirements. We can assist firms with calculating their AUM to determine whether they are subthreshold firms, and with determining whether the EuECVA Regulations are a viable option. To the extent that they aren’t aware already, firms should be aware that, whilst it is possible to be both a UCITs manager and an AIFM, an AIFMD manager cannot be both a MiFID firm and a manager of an AIFM (unlike a UCITs manager, which can be UCITs investment firms a managing third-party funds in addition to their own UCITs funds). Managers of third-party funds and portfolio managers are MiFID firms. There are additional services under the AIFMD that can be passported under the AIFMD. We can assist with the decision-making process a deciding whether and to what extent the passporting of additional services will be sufficient for a firm that wants to manage an AIF but is also currently a MiFID firm. Potential advantages of changing from being a MiFID firm may, for example, include a lower regulatory capital requirement and prevent the need for an ICAP. It may be necessary to set up a new subsidiary, which sits alongside the portfolio manager, to manage AIFMs. We can assist with decisions on this, including the potential to share employees and directors; and can also assist with the AIFM authorisation process. Firms managing AIFs should be using the TP to carry out a road map for implementation, and a gap analysis. Changes are likely to be required to service agreements, outsourcing agreements and custody/ prime brokerage agreements. In addition remuneration packages need to be reviewed including, where relevant, carry schemes and claw backs.
“In the past, we’ve seen a boost followed by a pullback in the subsequent quarter but this time that hasn’t happened, which means that we’re seeing an easing up of access to finance and cash flow is still not at pre-recession levels, so we’re not out of the woods yet.” The survey, collated from the responses of over 7,000 businesses in the U.K., showed that business confidence had also translated into a 20 percent rise in employment in the services sector in the third quarter to its best level since 2007. in September, the Recruitment and Employment Confederation (REC) and KPMG’s jobs report showed. The rise in business confidence and employment follows attempts by the U.K. government to encourage banks to get lending to businesses and the public in its efforts to revive the U.K. economy. The government initiatives include schemes such as “Funding for Lending” and the “Help to Buy” home-buyers’ program , of which an updated version was launched on Tuesday. Under the home buyers’ scheme, the government will guarantee part of a home-buyer’s mortgage on properties worth up to 600,000 ($918,000). Although concerns have grown that the schemes could create another housing and credit bubble, the government has said the initiatives have helped contribute to a nascent recovery in the U.K. economic confidence. British house prices rose at their fastest rate in 11 years in September and sales hit a four-year high, a survey by the Royal Institution of Chartered Surveyors showed on Tuesday, highlighting a sustained recovery in the property market and concerns of a bubble. With the rate of home building failing to catch up with the rate of price increases, however, Longworth warned that the “Help to Buy” scheme to assist home buyers could actually do more damage to the economy than good. Consumer confidence seemed to take a dip in September as retail sales slowed for a second consecutive month and showed a longer negative trend. Like-for-like sales were up 0.7 percent from September 2012, the British Retail Consortium’s report said, when they had increased 1.5 percent on the preceding year.
About The Gift Card Centre Ltd. The Gift Card Centre Ltd. is a leading UK e-commerce provider of gift cards and gift card solutions for both the consumer and corporate markets. Established in 2008, The Gift Card Centre Ltd. is a privately held corporation with offices in Buckinghamshire UK, and its main consumer website can be found at http://www.TheGiftCardCentre.co.uk and on twitter @giftcardcentre Media Contact: Caroline Watson, The Gift Card Centre Ltd., +44 (0)844 478 0058, firstname.lastname@example.org News distributed by PR Newswire iReach: https://ireach.prnewswire.com @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity.