Sunday, 19 April 2015
Last updated 19 hours ago
Mar 29 2011 | 12:48pm ET
Top hedge fund executives have won a reprieve from the U.K.'s new registration system.
Set to go into effect on May 1, the Financial Services Authority has been forced to delay the newly-widened approved persons program due to technical problems. Issues with regulator's online notifications and applications system have made the FSA unable to accept and process applications.
The FSA did not set a new registration deadline, but promised to give firms two months' notice, HFMWeek reports.
Under the FSA's expanded approved persons scheme, top executives with "significant influence controlled functions" will have to register. The regime will also cover U.S.-based executives at hedge funds with U.K. offices.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…