News & Analysis as of

United Kingdom Alternative Investment Funds European Union

Walkers

New trends in use of Jersey and Guernsey structures by US fund managers targeting European assets or capital

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Over the last few months, we have started to see new trends in inquiries and instructions regarding the use of Jersey and Guernsey structures by US managers targeting either European assets, or European capital....more

Jones Day

UK FCA Publishes Sustainability Disclosure Requirements and Investment Labels

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On November 28, 2023, the UK's Financial Conduct Authority ("FCA") published its long-awaited final rules and guidance on Sustainability Disclosure Requirements ("SDR") and investment labels. According to the FCA, it intends...more

BCLP

AIFMD II: An evolution not a revolution at round 1

BCLP on

Today (25 November 2021) the European Commission (the Commission) released the results of its evaluation of the Alternative Investment Fund Managers Directive (AIFMD) which forms part of a Capital Markets Union legislative...more

Akin Gump Strauss Hauer & Feld LLP

UK Proposes New Climate-related Disclosure Rules for Asset Managers

The proposed disclosure rules applicable to UK investment managers have been published for comment by the UK’s Financial Conduct Authority (FCA). The rules focus on enhancing transparency on climate-related risks and align...more

Hogan Lovells

Funds and asset management regulatory news, May 2021 # 2

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EU cross-border distribution of funds: ESMA guidelines on marketing communications - Following its consultation in November 2020, the European Securities and Markets Authority (ESMA) has published a final report on...more

Proskauer Rose LLP

Changes to AIFMD Marketing Rules from August 2021 – How will these New Rules Impact Fund Managers?

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On 2 August 2021, changes to fund marketing rules will come into effect in the European Union (“EU”). The revised rules (the “Marketing Rules”) amend the existing regime relating to the marketing of alternative investment...more

Goodwin

Luxembourg Funds and Brexit: Update to UK Managers

Goodwin on

With the transition period coming to an end by the end of 2020, many UK managers are questioning the implication of Brexit to the fundraising and management of Luxembourg-based funds. As forecasted in our previous market...more

Hogan Lovells

Funds and asset management regulatory news, October 2020 # 3

Hogan Lovells on

ESMA guidelines on liquidity stress testing in UCITS and AIFs: FCA comment - Among other things covered in its latest Regulation round-up, the UK Financial Conduct Authority (FCA) comments on the European Securities and...more

Dechert LLP

2020/03/12 UK Budget 2020 – Asset Holding Companies in Alternative Fund Structures

Dechert LLP on

As part of the series of announcements made in the 2020 Budget, HM Treasury released a consultation document relating to the tax treatment of UK asset holding companies in the context of alternative fund structures... The...more

A&O Shearman

Key Regulatory Topics: Weekly Update

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PUBLICATIONS - APAC Financial Regulatory Focus: Expected Developments in the Year of the Rat - As we move into the year of the rat, our team across Asia Pacific consider some of the key areas of financial regulatory...more

A&O Shearman

Draft UK Post-Brexit Legislation to Onshore EU UCITS Directive Published

A&O Shearman on

HM Treasury has published a draft of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2018, along with explanatory information. The draft Regulations will onshore the Undertakings for Collective...more

A&O Shearman

UK Legislation Aligned With New EU Venture Capital and Social Entrepreneurship Regulation

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New UK secondary legislation has been laid before Parliament to make the necessary minor technical changes to align UK legislation with recently introduced changes to EU legislation. An EU regulation amending the European...more

Proskauer Rose LLP

Regulation Round Up - May 2017

Proskauer Rose LLP on

2 May - The FCA published its Policy Statement on the FCA's disclosure rules following application of PRIIPs Regulation (PS17/6). The Policy Statement sets out how the FCA's disclosure requirements will change to reflect...more

Morgan Lewis

Update On Securities Financing Transactions Regulation

Morgan Lewis on

In light of recent efforts by UK and EU financial authorities to incorporate the SFTR, managers of Alternative Investment Funds and Undertakings for Collective Investment in Transferable Securities that engage in securities...more

Akin Gump Strauss Hauer & Feld LLP

Brexit: Key Tax Implications for Alternative Investment Funds and Investment Managers

The result of the UK’s referendum of 23 June 2016 was announced today as a victory for ‘Brexit’ - in other words, for the UK to exit the European Union. This decision is expected to have significant ramifications for the...more

Cooley LLP

Alert: The AIFMD For Non-EU Fund Managers: It's Probably Not As Bad You Think

Cooley LLP on

Many non-EU fund managers raising a non-EU alternative investment fund will accept a European investor on a "reverse solicitation" basis; but they won't "market" into Europe. This is often because the cost of complying with...more

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