Regulation
EQT loses battle in income tax war
EQT and a number of its employees will receive a tax bill of SEK 670m, according to Swedish newspaper Dagens Industri.
Sweden mulls ban on PE ownership of schools
A new legislation proposal will aim to ban private equity firms from owning independent schools in Sweden, according to education minister Jan Björklund.
FCA calls for AIFMD applications by January 2014
The FCA has advised firms managing alternative investment funds (AIFs) to submit applications by no later than 22 January 2014, ahead of the official 21 July 2014 deadline.
Umbrella services: Q&A with Lawson Conner
This month saw the foundation of the UK Compliance and Regulatory Association (UKCRA). Alice Murray speaks to regulatory services business Lawson Conner, one of the founding members, about how the new entity can guide the asset class through the complex...
Swedish courts to rule on internal loan interest rates
The Swedish Supreme Administrative Court, HFD, may give clearance on the investigation into internal loan interest rates this autumn.
Special Report: AIFMD
Special Report: AIFMD
AIFMD adopted in Luxembourg
The AIFM directive has been adopted by the Luxembourg Parliament and will officially come into effect in the country’s law system on 16 July.
Markit moves into buyout valuations
Financial information services company Markit has launched Markit Portfolio Valuations – Private Equity, an independent valuation service for growth and buyout equity investments.
AIFMD could result in fewer fund managers, says survey
A new survey by German software company Data Room Services and real estate firm Knight Frank reveals uneasiness about the upcoming Alternative Investment Fund Managers Directive (AIFMD) across markets in Europe.
Regulation threatens present and future of industry
Private equity professionals included a tax neutral regime on their Brussels wish-list at the European Private Equity and Venture Capital Association (EVCA) Symposium in Istanbul yesterday.
Tax avoidance debate turns to private equity
Tax avoidance is top of the agenda for the G8 summit in Northern Ireland and part of that discussion will concern UK private equity’s treatment of corporation tax.
Uniqa to sell $665m private equity portfolio
Austrian insurance company Uniqa Versicherungen is planning to offload $665m of private equity positions ahead of Solvency II.
Swedish GPs cash in on pharmaceutical reform
Swedish healthcare bonanza
Capital gains tax overhaul welcomed by Afic
French CGT
AIFMD passed into German federal law
Germany has passed legislation for the implementation of the Europe-wide AIFM Directive into federal law, following a year of intense campaigning by representatives of the private equity industry.
EU Commission contemplating stricter merger control laws
The EU Commission is thinking of introducing stricter controls on company mergers, threatening to lengthen processes for minority stake acquisitions.
UAE eases rules on private equity fund marketing
United Arab Emirates (UAE) rules have relaxed, making it easier to market private equity funds to investors there.
German banking reform threat to private equity
The German government's draft proposals for banking reform, based on the Liikanen Report, are seen by many in the private equity industry as yet another threat from legislators, despite the unclear effect it may have on the asset class. Carmen Reichman...
Calls for calm over BoE private equity report
Private equity professionals should not panic over the latest Bank of England report on the private equity sector, according to the ICAEW.
Fundraising to improve despite AIFMD
European fundraising is expected to improve in 2013, despite the regulatory burden of the AIFMD, according to a panel of experts speaking at the Jersey Finance London Funds Conference.
BVCA calls for return of taper relief
The BVCA has called for the return of the controversial taper relief for capital gains tax (CGT) in some cases.
ESMA publishes remuneration guidelines
The European Securities and Markets Authority (ESMA) has published guidelines for the remuneration of senior employees in alternative investment funds.
UK Treasury delays AIFMD until 2014
UK firms have been given an extra year to comply with AIFMD, as the Treasury sets out implementation in a new consultation paper.