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Regnskapsfører for private equity fond og investeringsselskaper

Permian er et raskt voksende og innovativt selskap, med mål om å være den ledende nordiske fondsadministratoren. Som spesialist innen fondsadministrasjon tilbyr Permian-gruppen et bredt spekter av tjenester til nordiske private equity-aktører, herunder fondsadministrasjon, fondshotell, rapportering, cash management, internkontroll, risk management, depot og regnskap. Våre...

Private Equity Junior Fund Accountant (redovisningskonsult)

Har du akademisk examen inom ekonomi, vill arbeta inom ekonomi och finansbranschen och få en inblick i den nordiska Private Equity-branschen, samt är en strukturerad och noggrann person? Vill du utvecklas med ett företaget i tillväxt, där vi också värnar om en god teamgemenskap? Då...

JUNIOR PRIVATE EQUITY FONDADMINISTRATÖR

Vill du vara med och utvecklas i ett snabbt växande företag inom fondadministration? Vill du kickstarta din karriär och få en snabb kompetensutveckling? Har du erfarenhet inom finans/fondindustrin och önskar lära dig om fondadministration och riskkapitalbranschen? Då är du den person vi söker!    Om Permian  Permian är...

Utkontraktering – nye regler

Alle foretak under tilsyn fra Finanstilsynet må føre oppdatert oversikt over avtaler om utkontraktering. Avtaler som er kritisk eller viktig for foretaket må meldes til Finanstilsynet, men noen typer foretak er unntatt fra meldeplikten.   Ny forskrift om meldeplikt ved utkontraktering av virksomhet trådte i kraft 1....

Meet Mattias, our Head of Business development

For the last six months, Mattias Ekvall has been Head of Group Sales and Business development at Permian. What inspires Mattias and what are his ambitions for 2022?  "Six months within the Permian Group has confirmed my first impression. The Permian team truly shares my love...

Redovisningskonsult

Permian fortsätter växa och vi söker nu en till två drivna redovisningskonsulter till vårt kontor i centrala Stockholm. Har du akademisk examen inom ekonomi samt är en strukturerad person med rätt attityd som följer upp och levererar enligt deadline? Vill du komma till en arbetsplats...

EuVECA (og EuSEF) forordningene ble innført i Norge fra 1.august 2021

De nye bestemmelsene i AIF-loven åpner for at norske forvaltere kan etablere alternative investeringsfond med enklere markedsføringsregler og som kan yte lån.   Dette gir også helt nye muligheter for svenske fond og forvaltere til å markedsføre sine EuVECA-fond i Norge. De forvalterne som har forsøkt å nå venture investorer over...

Simplified note requirements for small companies

Changes to the Norwegian Accounting Act (NAA) regarding simplified note requirements for small companies took place 1 July 2021. The changes are a result of the EU-Directive putting limits on what can be required of small entities. The purpose is to have simplified rules for...

Ny lov om bærekraftig finans

Regjeringen la frem forslag om en ny lov om bærekraftig finans den 4. juni 2021. Lovforslaget gjennomfører EU-forordninger om offentliggjøringskrav og en taksonomi for bærekraftig økonomisk aktivitet. AIF-forvaltere blir underlagt loven, og et alternativt investeringsfond (AIF) defineres i loven som et finansielt produkt.  Formålet med loven er...

Permian Group announces Marianne Normann (36) as Group CEO 

She is among the absolute best. Marianne is smart, hard-working and always helpful towards her co-workers. In her new role as Group CEO, Marianne will strengthen the company's Corporate governance and management in Norway and Sweden.   The Permian Group is delighted to announce the appointment of Marianne Normann as their new CEO, effective from October 1, 2020.   - The company has experienced both rapid and sound development in the last couple of years, and I am proud to be given the opportunity...

Permian appoints recognized leader from the fund industry

Rune Selmar takes on the role as managing director at Permian Fund Services AS. With his previous experience as CEO in the National Insurance Fund (Folketrygdfondet) and more recently as both CEO and investment director at Odin Fund Management, Rune holds an admirable CV. He is...

PE vs SDGs

As climate change becomes a more pressing threat to our community, in January 2016 the UN introduced Sustainable development goals (SDGs), which have been adopted to achieve a better and more sustainable future for everyone. The SDGs focus on the biggest issues such as poverty,...

EuVECA – Stricter Conflict of Interest Regulation

On 22 May 2019, the EU Commission published a delegated regulation supplementing the already effective EuVECA regulation, imposing stricter requirements on EuVECA fund-managers’ handling of conflicts of interest. To enable EuVECA managers to adapt to the new requirements, the date of application of the delegated regulation is deferred...

AIF-forvaltere: Risk & Compliance – stadig mer krevende

I 2018 ble GDPR innført via ny personopplysningslov og det kom også en oppdatert hvitvaskingslov. Vi venter på innføring av PRIIPS-forordningen og nye krav til oppfølging av ESG og «sustainability risk» for alternative investeringsfond. Finansbransjen har de seneste årene vært gjenstand for stadig strengere regulering...

Swedish private equity partner loses in tax case

The Swedish Supreme Administrative Court (Sw. Högsta Förvaltningsdomstolen, “SAC”) has published a verdict on the appeal from a former private equity fund partner. It deals with the applicability of the Swedish closely held company-rules (“3:12-rules”) on distributions from the partner’s holding company and has precedence...

EuVECA getting ripe

The employment of the EuVECA regulatory framework has not reached the wide use across Europe as intended. How is the outlook for the Venture Capital in Europe? Introducing the AIFMD directive, European legislators recognised the need to protect venture capital from certain AIFMD rules deemed...

European Commission’s proposals on financing sustainable growth

The Action Plan on Financing Sustainable Growth was launched by the European Commission on 8 March 2018 (link here). Yesterday, the EU Commission published the frequently asked questions, giving the public a greater understanding of how the commitments on financing sustainable growth are going to be...

Venture-EU to help raising bigger funds in Europe

[vc_row][vc_column][vc_column_text]On 10 April 2018 the European Commission and European Investment Fund launched a new fund-of-funds (FoF) initiative called “VentureEU”, which is estimated to trigger approximately EUR 6,5 bn. of new investments in European SMEs. An interesting opportunity for Scandinavian venture fund managers.   How does it work? Initiated...

AIFMD – clarity on pre-marketing?

On March 12th, the European Commission published a proposal for amendments to the AIFMD and EuVECA regulation. It stipulates conditions for pre-marketing of alternative investment funds to professional investors domiciled in the EU. The proposal forms part of the Commission’s “Capital Markets Union action plan, which...

Have you appointed your AML-responsible yet?

Norwegian and Swedish anti-money laundering legislation requires all companies falling under its scope, including managers of alternative investment funds, to appoint an “AML-responsible”. This person shall either be a member of the management team, the managing director or an equivalent executive. The responsibility entails to...

Skatterettslig klassifisering av forvaltningshonorar i private-equity fond

I dom avsagt 28. februar 2018 slo Høyesterett fast at forvaltningshonorar som var betalt av private equity-fond til deres forvaltere var en kostnad som skulle deles opp ved beskatningen av investeringsselskapene. Honorarene hadde ulike formål, og måtte dermed deles opp i en fradragsberettiget forvaltningsdel og...

Better funding of innovation in Norway

A report with recommendations to improve the supply of risk capital to new innovations in Norway has been released. Now it is in politicians' hands to start discussing suggestions for ease in taxation, establishment of a new state owned fund-of-funds and reduced investment restrictions for...

Fund Manager – Strengthen the CFO Function through outsourcing

A challenging market as well as stricter regulation of alternative investment funds and investment companies demand high quality-, capacity- and expertise in the CFO function. In addition to a solid track record and an unblemished reputation, fund managers must provide high quality investor communication and reporting....

AML-reporting to Finansinspektionen

New anti-money laundering legislation has entered into force in Sweden. According to this new regulation, AIF managers must report data that enables Finansinspektionen to assess the risk that these firms will be used for money laundering and financing of terrorism. AIF managers must submit this data...

Sustainable investments and why ESG matters

[vc_row][vc_column][vc_column_text]The demand for sustainable and impact investing is growing – investors now consider environmental, social and governance (ESG) factors across USD 8.72 trillion of professionally managed assets, which is a 33% increase since 2014, says Report on US Sustainable, Responsible and Impact Investing Trends as...

Control requirement-exemption for AIFs investing in SMEs

The main rule for an EEA-based AIF-manager wishing to market its AIF towards Swedish semi-professional investors, is that the AIF is required, in general, to invest to obtain control. This is difficult for early phase- and venture investments as these companies are normally driven by...

Swedish semi-professional investors – who are they and how to reach them?

EEA-based AIF-managers have a great opportunity to reach an important segment of investors in Sweden: the semi-professionals. What is the definition of such investors and how can managers reach them? Semi-professional investors By virtue of the AIFM Directive (AIFMD), all EU member states may adopt national rules...

Fund hotel – Keep your strategic focus!

The concept is easy to understand. AIF-managers are responsible for operating independent risk- and portfolio management functions. Given certain criteria, either function may be outsourced to another licensed AIF-manager, while portfolio management may also be outsourced to a company licensed to operate as an active manager...

What is an AIF? Rev. 2

Almost three years have passed since Permian’s first article on this question. A clarification by the Financial Supervisory Authority of Norway (Finanstilsynet) provided reason for an update. In a conference in Oslo on November 29, Finanstilsynet offered a clarification to the four-year old question: “what is...

GDPR VS. THE FUND INDUSTRY

In the light of the new legal GDPR requirements, there is number of steps fund managers and investment companies will have to take in order to secure full compliance with the new data handling regime. It is hard to think of a business sector that wouldn’t...

EuVECA Reform

The European Parliament has adopted proposals for amendment of the European Venture Capital Funds Regulation (EU) No 345/2013 (“EuVECA”). EuVECA was introduced in July 2013 as part of the Capital Markets Union Action Plan. The goal was to increase the supply of capital to venture businesses....

No LEI, no trade!

From January 3rd 2018, following the implementation of MIFID II and MIFIR, all European companies needs a LEI-number (Legal Entity Identifier) to trade in financial instruments admitted to European trading venues. This means that a LEI-number is required for companies entering into derivative contracts (following...

Five crucial issues of successful fundraising

Currently, many new fund initiatives are being taken as we see new private equity managers coming out of the woodwork and being active in the market. Family offices as well are taking steps to include a larger investor base in their activities and successful entrepreneurs...

Taxation of board fees in Sweden- new practice

The Swedish Supreme Administrative Court (sw. Högsta Förvaltningsdomstolen) recently decided that board fees shall be taxed as salary income. The verdict contradicts the Swedish Tax Agency’s former view and could have significant impact for Swedish board professionals. The Swedish Tax Agency has practised that board members...

Extended VAT-exemption for fund management

For a long time, The Swedish Tax Agency (STA) held that only management fees payable by UCITS and special funds (non-UCITS regulated in LAIF) were exempt from VAT. This somewhat strict interpretation has now seemingly come to an end, as STA has had to adapt...

Writing a good information memorandum

A proper Information Memorandum, very often referred to as an IM, maximizes your chances of raising capital. It is the main marketing document used when raising AIF funds and one of the supporting documents included in the marketing application to the authorities.  Writing a good...

Nordic countries have regulated marketing to non-professionals differently

Notably, the AIFM Directive regulates marketing to professional investors only. Each EU/EEA country could themselves choose how to regulate marketing to non-professionals. They did it differently.  Following the implementation of the AIFM Directive into law, many countries addressed separately the question of how to market to...

A road to AIFM

[vc_row][vc_column][vc_column_text]Obtaining an AIFM-license is expensive, drives complexity and is time-consuming. Once obtained, it adds layers of regulatory complexity, it is demanding and relatively costly to uphold. But it is worth having, especially if you would like to market towards non-professional investors or even foreign professional...

Don’t get tricked! Data protection in the financial sector. 

[vc_row][vc_column][vc_column_text]In our previous article about cybersecurity (read here), we have explained what are the channels and technology threats that can be used by cybercriminals as door openers to our servers and data. Today, we would like to raise awareness and warn our readers about the...

KAPITAL omtaler Permian fondhotell

Permian får mediaoppmerksomhet i forbindelse med etableringen av norges første fondshotell for alternative investeringsfond som PE, Venture Capital fond, etc.   [pdf-embedder url="http://www.permian.no/wp-content/uploads/2017/02/Kapital-20170209.pdf" title="Kapital 20170209"]    ...

Cyberthreats in the financial sector

[vc_row][vc_column][vc_column_text]Financial services industry has become one of the most targeted sectors by the cybercriminals. Financial institutions are exposed to an increasing number of cybercrime attacks such as financial fraud, identity theft, loss of data – all of it a result from use of more and...

Endringer i årsregnskapsreglene for AIF-forvaltere og verdipapirforetak

[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text] Med virkning fra 1. januar 2017 har Finansdepartementet gjort endringer i  forskrift om årsregnskap for verdipapirforetak. Forvaltere av AIF- og verdipapirfond bør undersøke grundig om deres virksomheter er underlagt de nye kravene. [/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner][vc_empty_space][vc_column_text]Gjelder for I den oppdaterte forskriften er begrepet verdipapirforetak utvidet til å omfatte  AIF-forvaltere med...

INNFØRING AV FINANSSKATT MED VIRKNING FRA OG MED 1.1.2017

[vc_row][vc_column][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Permian minner om at regjeringen, i statsbudsjettvedtaket av 20. desember 2016, har besluttet å innføre finansskatt, med virkning fra og med 1.1.2017, for selskaper som driver innenfor finansierings- og forsikringsområdet. Definisjonen på hvilke selskaper dette gjelder, følger av SSB sin standard for næringsgruppering – Næringshovedområde...

Unntak fra merverdiavgiftsplikt for forvaltning av investeringsselskap

Forvaltning av investeringsselskap er unntatt fra merverdiavgiftsplikt i henhold til merverdiavgiftsloven § 3-6 bokstav g. Skatteetaten har i rundskriv av 8.12.2016 gitt nye retningslinjer om praktiseringen av dette særskilte mva-unntaket.   Om avgiftsplikten Skatteetaten ser at regelverket for mva-behandling av forvaltningstjenester er komplisert for bransjen. Nå har Skatteetaten...

From non-professional to professional investor

Subject to certain requirements established through the adoption of the EU 2004 MiFID regulation (in Norway 2007), investors classified as “non-professional” may request to be treated, regulation wise, as “professional”. What are the requirements? Through the introduction of MiFID (Markets in Financial Instruments), the EU aimed...