News & Insights

Our Thinking · Public Funds

Fiduciary Duties of Investment Managers (Article 2 of our “Fiduciary Duties” Series)

Fiduciary duties of investment managers have been a matter of considerable debate in English law. Fiduciary obligations are generally sought to be excluded from investment management agreements, however, there are many proponents to the position that investment managers should be considered fiduciaries of their clients. So, what is the best approach to be taken by […]

Emma Cleveland11 March 2015

Our News

Rebranding

Within the past few months, the Cleveland Ventures’ team has been hard at work revitalising our brand and developing a new corporate image. We believe that our new branding will be reflective of our stand-out market position as leaders and innovators in the legal services industry. It is for this reason that we are delighted […]

Emma Cleveland5 March 2015

Our Thinking · Public Funds · Regulatory & Compliance

FCA fund authorisation and supervision update

The FCA has recently produced an update on improvements on fund authorisation, supervision and reporting agreements with trustees and depositaries. We set out below what the update covers:

Emma Cleveland4 March 2015

Our Thinking · Public Funds · Regulatory & Compliance

ESMA proposed guidelines on AIFMD assets segregation

Since the adoption of the AIFMD, the European Securities and Markets Authority (“ESMA”) has produced a range of material relating to the application of the Alternative Investment Fund Managers Directive such as technical advice, guidelines, regulatory technical standards and Q&As. On 1 December 2014, ESMA published a consultation paper with proposed guidelines regarding asset segregation […]

Emma Cleveland24 February 2015

Our Thinking

G20 Leaders Communiqué: ‘Building a stronger more resilient economy’

Following the Brisbane Summit in November, the G20 leaders published a communiqué that addressed many global economic issues. We set out below the following points of regulatory interest from Section 12:

Emma Cleveland11 February 2015

Our News

Reduce your drafting time – our templates are now available for purchase!

We are pleased to announce that our wide selection of templates and guidance notes are now available to purchase.

Emma Cleveland11 February 2015

Our Thinking · Regulatory & Compliance · Commercial & Corporate

CPMI & IOSCO’s assessment methodology for financial market infrastructure (FMI) oversight expectations regarding critical service providers

Financial market infrastructures often contract out a number of their operations, such as IT and telecommunications, to third-party service providers. Their reliance on these third-party service providers makes the contracted services critical for the smooth functioning of the financial markets and hence they are often called ‘critical service providers’.

Emma Cleveland4 February 2015

Our Thinking · Regulatory & Compliance

Focus of the FCA (MiFID II)

On 13 January 2015 the FCA issued an update regarding the actions the FCA and HM Treasury will be taking for the implementation of MiFID II. Three main workstreams were discussed:

Emma Cleveland2 February 2015

Our Thinking

Financial Stability Board – G20 Brisbane Summit

The Financial Stability Board (“FSB”) has recently published the following documents that were delivered to G20 leaders attending the Brisbane Summit (the G20 Leaders’ Summit is the principal forum for international economic cooperation and decision-making. As an annual event, the G20 gives world leaders the chance to share ideas and outline visions regarding key international […]

Emma Cleveland2 February 2015

Our Thinking · Investments & Capital Markets · Regulatory & Compliance

Financial Stability Board – Standards and processes for global securities financing data

The Financial Stability Board (“FSB”) has recently published its Standards and Processes for Global Securities Financing Data Collection and Aggregation report. The proposed standards are based on the policy recommendations in the FSB report Policy Framework for Addressing Shadow Banking Risks in Securities Lending and Repos.

Emma Cleveland28 January 2015

Hear it from a General Counsel

When regulation shifts, our General Counsel set out what has changed for your firm and the steps we recommend you take.