Apex Funds Abu Dhabi

APEX RECEIVES ESCA LICENSE

The UAE Securities and Commodities Authority (Esca) in Abu Dhabi has granted Apex Fund Services (Abu Dhabi) a license to provide fund administration services under the regulator’s new rules. The new regulations set out the detailed requirements for the establishment and distribution of UAE domestic funds, and formalises the transfer of responsibility of regulatory supervision…

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ABU DHABI LICENSES FIRST ADMINISTRATOR UNDER NEW REGS

The United Arab Emirates Securities and Commodities Authority (ESCA) in Abu Dhabi has granted Apex Fund Services a licence to provide fund administration services under the authority’s new regulations. The new regulations set out requirements for creating and distributing UAE domestic funds. It also transfers regulatory supervision responsibility from the UAE central bank to ESCA.…

Tax

TIME IS TIGHT FOR FFIS TO PREPARE FOR FATCA COMPLIANCE

From an Article by Karen Wallace, Global Head of Compliance Apex Fund Services, that appeared in Hedge Fund Insight. The IRS on-line registration portal went ‘live’ on 1 January this year and Foreign Financial Institutions (“FFIs”) should now be preparing to register with the IRS to obtain a Global Intermediary Identification Number (“GIIN”). FFIs must register…

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APEX OPENS JERSEY OFFICE AS FUND LAUNCHES IN CHANNEL ISLANDS RISE

Apex Fund Services, one of the world’s largest independent fund administration companies, announces the opening of its Jersey office and expansion of its presence in the Channel Islands. Jersey, together with other Channel Island jurisdictions, has experienced significant growth in its fund servicing industry and in Jersey alone the sector is valued at approximately $350…

Jersey

A JERSEY PRESENCE, QUORUM INTERVIEWS JOHN BOHAN

We always hope that reputable international financial services organisations thinking about re-domiciliation or a new presence will seriously consider Jersey. Determining how soon in that process ‘Jersey’ will appear as a real option rather depends upon where the inquirer is based.  There are key decision makers in some jurisdictions actually quite close to home who…

Apex fund Services Japan

APEX BECOMES FIRST INDEPENDENT ADMINISTRATOR TO OPEN IN JAPAN

Apex Fund Services announces that it has become the first independent fund administrator to enter the Japanese market following the opening of its Tokyo office. Via its Global Presence, Local Reach strategy and 34 international offices, Apex now will roll out and make available its entire range of fund administration services to fund managers located…

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APEX SCOOPS ANOTHER INDUSTRY AWARD

Apex Fund Services has once again been recognised for its leading role in the fund servicing industry winning another award for the high quality of it’s client servicing in Dubai, Bahrain and Abu Dhabi. At the Thomson Reuters sponsored MENA Asset Management Awards 2013, which celebrates the regional industry top performers and service providers, Apex picked up the…