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Showing 1 - 10 of 661 matches filtered by 'Funds and asset management'

  • Responsible Investment- the IA's Framework for a Common Language

    18/11/2019
    On 18 November 2019, the Investment Association released its Responsible Investment Framework Final Report the “Report”). The Report follows the IA’s consultation at the beginning of this year, which sought industry views on: a proposed framework to categorise and define common Responsible Investment approaches (the “Framework”); a UK retail product label for funds which use Responsible...
  • CMS Guide to Passporting: Rules on Marketing Alternative Investment Funds in Europe

    13/11/2019

    We are pleased to issue our updated Guide to Passporting: Rules on Marketing Alternative Investment Funds in Europe.

    The EU Commission promoted passporting rights as one of the key benefits for hedge, private equity, real estate and other alternative investment fund managers authorised under the Alternative Investment Fund Managers Directive (“AIFMD”).

    However, we are now experiencing impediments to the passporting rights as certain domestic regulators are imposing ‘border controls’, and fund managers need to pay fees and comply with various other requirements in order to market their funds cross-border.

    The diversity of the domestic rules makes it challenging for AIFMD authorised managers to assess the costs and various other requirements for penetrating the EU market. This guide provides a road map, which will hopefully assist managers in understanding the costs and other requirements under AIFMD, other EU directives and domestic regulations.

    To view or download a copy of our Guide, please click here.

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  • CMS Guide to Passporting : Rules on Marketing Undertakings for Collective Investment in Transferable Securities in Europe

    13/11/2019

    We are pleased to issue our updated Guide to Passporting: Rules on Marketing Undertakings for Collective Investment in Transferable Securities in Europe.

    The UCITS Directive was established to harmonise retail collective investment schemes in the EU through the introduction of a common investment vehicle known as a “UCITS”. One of the key benefits of the UCITS Directive is that UCITS can be established and regulated in one EU member state and offered in others without the need for further authorisation by virtue of passporting rights under the UCITS Directive.

    The purpose of this guide is to assist UCITS managers to understand the process and regulatory costs involved in exercising such passporting rights throughout Europe. To view or download our Guide, please click here. 

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  • CMS Guide to Private Placement of Funds : Accessing European Investors post-AIFMD

    13/11/2019

    We are pleased to issue our updated Guide to Private Placement of Funds: Accessing European Investors post-AIFMD.

    When implementing the Alternative Investment Fund Managers Directive (“AIFMD”), some EU States have tightened or severely restricted their private placement regimes, which is important when non-EU managers and funds look to access EU investors.

    Our Guide briefly summarises the latest developments in relation to the private placement regimes of EU States, as well as covering certain non-EU States. Please click here to view or download the Guide.

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  • Brexit update for financial services firms - from 26 October 2019 to 1 November 2019

    04/11/2019
    This week put Brexit preparations on the back-burner as the Article 50 exit date was put back and the ratification of the revised Withdrawal Agreement (“WA”) by the UK Parliament was abandoned in favour of a general election. We will therefore be pausing our weekly email commentary until the New Year. The Article 50 extension (see Document 5 below) delays the UK's exit until 11.00 pm GMT on 31st...
  • Brexit update for financial services firms - from 19 October 2019 to 25 October 2019

    29/10/2019
    Commentary This week saw the publication, and start of the UK’s legislative process for, the long-awaited bill to ratify and implement the EU/UK Withdrawal Agreement (“WA”). The revised WA was published on 19th October (for our commentary and links to publications about the revised WA package – see below. The WA is very largely unchanged from the version negotiated by Mrs. May except for the Protocol...
  • FCA sets out cryptoasset business registration and fee requirements

    16/10/2019
    On 15 October 2019, the Financial Conduct Authority (“FCA”) published consultation paper CP19/29: Recovery of costs of supervising cryptoasset businesses under the proposed anti-money laundering regulations: fee proposals (“CP19/29”).  
  • Brexit news for financial services firms - from 5 October 2019 to 11 October 2019

    15/10/2019
    Commentary Writing on the weekend of 11/12th October and as the Hallowe’en deadline approaches, it seems to get more, rather than less, difficult to predict the Brexit flightpath and the ultimate destination. Of the multitude of possibilities, virtually none, if any, can now be ruled out. The UK may or may not leave the EU. If it leaves, it may do so under an Article 50 Withdrawal Agreement (WA)...
  • SMCR and regulatory references- what can solo regulated firms learn from the banking sector?

    30/09/2019
    Three years have passed since the banking sector implemented the Senior Managers & Certification Regime (SMCR) and two years since the regulatory references regime came into force.  From 9 December 2019, solo regulated firms will also become subject to these rules.  Can any lessons can be learned from the banking sector’s bedding in period? 
  • Brexit news for financial services firms -from 17 August 2019 to 2 September 2019

    05/09/2019
    1.   BoE:The impact of Brexit on UK firms This BoE staff working paper assesses the impact of Brexit on UK firms with regard to levels of uncertainty, investment and productivity.