In the news this month:
On the domestic front, the Central Bank has published final guidance in relation to its new fitness and probity regime (which becomes effective from 1 December 2011) and KIIDs issued to Swiss investors. On the international front, ESMA published its final report on the AIFMD, the new EU regulation on short selling and credit default swaps should enter into force in November 2012 and the European Commission published a provisional text of a directive to amend the Transparency Directive.
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Practice Developments
- Central Bank New Fitness and Probity Regime
- Key Investor Information Document (KIID) issued to Swiss investors
- Commercial Court confirms jurisdiction to award costs against third party funder
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