Our Thinking · Private Funds
With around 35% of all assets managed in Europe being managed in the UK, the UK is a leading centre for fund management. The UK’s private equity and venture capital industry has continued to be the largest in Europe for a number of years and is accountable for more than €34 billion in investments being […]
Our Thinking · Public Funds · Regulatory & Compliance
UCITS account for around 75% of all collective investments by small investors in Europe and so UCITS V will have a significant impact on a major part of the industry. With implementation planned for March 2018, it is important that firms prepare for the forthcoming changes that will need to be made to ie. their fund […]
Our Thinking · Public Funds · Regulatory & Compliance
Undertakings for collective investment in transferable securities (UCITS) are regulated investment funds which can be sold to the general public throughout the European Union, due to their increasing popularity the importance of having common and harmonised standards for investor protection is becoming increasingly important. UCITS V seeks to address this issue along with a number […]
Our Thinking · Commercial & Corporate
It is often believed that a clause expressly stating that the parties to a contract would be liable for its breach should be inserted within agreements as a safeguard for liability in situations of breach. For example, it is common for the wording of liability and indemnity clauses to specify breach as a cause of […]
Our Thinking · Regulatory & Compliance
On 17 July 2015, the Financial Conduct Authority (“FCA”) held a MiFID II Roundtable discussion aimed at providing updates on MIFID II implementing measures and addressing various potential implementation issues in the financial services industry, arising as a result of the new directive.
Our Thinking · Public Funds · Regulatory & Compliance
In line with the FCA’s initiative of improving complaints handling procedures through increased process transparency and providing further assistance to firms, the FCA have updated their Complaints Sourcebook.
Our Thinking · Public Funds · Regulatory & Compliance
There has been a significant amount of discussion around fund fees and expenses in the past few years as regulators aim to increase fee transparency to investors. In the UK, the FCA has published a number of studies and reviews on this matter (TR14/7 – Clarity of fund charges) and has also addressed this issue […]
Our Thinking · Regulatory & Compliance
The single market is one of the core objectives of the EU as a matter of policy guidance and also as a benchmark. Achieving free movement of capital throughout the EU is an indispensable part of the creation of a single market and the matter has been widely addressed on numerous occasions.
Our Thinking · Regulatory & Compliance
On 3 August 2015, City Minister, Harriett Baldwin launched a major new review (the Financial Advice Market Review) which looks to examine how financial advice could work better for consumers, building on the government’s pension reforms which have allowed people real choice and freedom over their savings and given them access to free and impartial […]
Our Thinking
On 8 July 2015, the Chancellor George Osborne, presented the Summer Budget (the “Budget”). The Budget needs to be taken into consideration as it impacts both the tax benefits of all UK citizens and non-domiciled individuals. It will have direct and indirect implications upon the UK asset management industry. The Budget further develops the government […]
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