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MiFID II likely to separate swap-based and physically-based ETFs

The European Commission’s proposals for Mifid II (as it is widely referred), released on 20 October, state: “Investment firms are allowed to provide investment services that only consist of execution and/or the reception and transmission of client orders, without the need to obtain information regarding the knowledge and experience of the client.” This will exclude [...]

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Cyprus Private Investment Funds (ICIS) attracting Polish attention

Poland has been added to the list of jurisdictions that are increasingly becoming attracted to the Cyprus Investment Funds. In Poland, a recent change in Polish tax law, which allows EU Funds the same privileges as those enjoyed by Polish domestic investment funds. Polish investment funds are subject to a special Capital Income Tax allowing [...]

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