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Bermuda: Bermuda - Finalising Preparations To Be Ready For July Implementation Of AIFMD - Appleby

In an extremely encouraging and highly anticipated press release, the Bermuda Monetary Authority announced that they are advancing preparations to sign a cooperation agreement with Europe.

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Found 1 month ago on channel Mondaq

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The Post Office’s Biggest Problem Isn’t Saturday Delivery — It’s Congress

It may seem like the United States Postal Service is unwilling to adapt to a world of declining mail volume and increased digital communication. But the real obstacle in the way of true reform aren’t the folks running the postal service itself. It’s their bosses in the U.S. Congress. Postmaster General Patrick Donahoe is like a man waiting for a package that never arrives. Donahoe, who has led the U.S.P.S. since 2010, has over the past few years made numerous proposals to get the money-losing postal service back in the black. He’s suggested closing post offices, modernizing post offices, “village” post offices, increased postal rates, decreased services, a reduced workforce, and a number of digital approaches involving tracking packages, QR codes, and mobile solutions. (MORE: How ‘Made in the U.S.A.’ is Making a Comeback) But there’s only so much the Post Office can do on its own to reduce the billions it loses every year. (Last year it lost $16 billion.) Congress holds ...

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Found 1 month ago on channel TIME Moneyland

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Post Office Retreats on Eliminating Saturday Mail

(WASHINGTON) — The U.S. Postal Service backed down from its plan to eliminate Saturday mail delivery because Congress barred it, officials said Wednesday. But its governing board said it’s not possible for the financially ailing agency to meet cost-cutting goals without altering its delivery schedule. Delaying “responsible changes,” the board said, only makes it more likely that the Postal Service “may become a burden” to taxpayers. The Postal Service said in February that it planned to switch to five-day-a-week deliveries beginning in August for everything except packages as a way to hold down losses. (MORE: Is the Post Office Breaking the Law by Eliminating Saturday Delivery?) But that announcement was a gamble. The agency essentially was asking Congress to drop from spending legislation the longtime ban on five-day-only delivery. Congress did not do that when it passed a spending measure last month. “By including restrictive language … Congress has prohibited implementation ...

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Found 1 month ago on channel TIME Moneyland

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United States: The Alternative Investment Fund Managers Directive - A Guide For Managers - Goodwin Procter LLP

During November and December, the UK Financial Services Authority ("FSA"), the European Commission and the European Securities and Markets Authority ("ESMA") all published important documents as part of the implementation of the Alternative Investment Fund Managers Directive ("AIFMD").

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United Kingdom: ESMA’s Proposed Changes To Its Recommendations Relating To Mineral Companies Including The Assessment Of Materiality Of Mineral Companies And Endorsement Of The NAEN Code - Charles Russell LLP

On 1 October 2012, the European Securities and Markets Authority (ESMA) published a consultation paper setting out its proposed amendments to paragraphs 131 to 133 of the recommendations of The Committee of European Securities Regulators (the body that is now ESMA) on the consistent implementation of the European Commission’s Regulation on Prospectuses (809/2004) in relation to mineral companies (the Recommendations).

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