On 26 February 2025, the Unauthorised Co-ownership Alternative Investment Funds (Reserved Investor Fund) Regulations 2025 (the Regulations) were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations are intended to support the Government’s introduction of the Reserved Investor Fund, which will be a new type of UK-based investment
On 26 February 2025, the Financial Conduct Authority (FCA) published a portfolio letter setting out its supervisory strategy for the asset management and alternatives sector.
Background
The letter explains the importance of the UK asset management sector for the Government’s growth objectives and highlights that the way in which asset managers and alternatives
The Securities and Futures Commission’s (SFC) has on 19 February 2025 rolled out a new regulatory roadmap setting out its core guiding principles to continue Hong Kong’s development as a virtual assets (VA) hub. The roadmap adopts the “ASPIRe” slogan representing its 5 pillars – Access, Safeguards, Products
This article was co-authored with Michele Beck, Tom Clark, Masooma Saberi, Hasan Mohammad and Vivian Truong.
Between November 2024 and January 2025, the Australian Securities and Investments Commission (ASIC) released draft guidance for the new sustainability reporting regime, as well as guidance on the financial Advisor reforms in the Treasury Laws Amendments (Delivering Better Financial
On 25 February 2025, the European Banking Authority issued a consultation paper regarding draft Implementing Technical Standards (ITS) on amending Commission Implementing Regulation (EU) 2016/2070 with regard to the bench-marking of internal models – 2026 benchmarking exercise.
The consultation proposes amendments to Implementing Regulation (EU) 2016/2070 on the benchmarking of credit risk, market
On 24 February 2025, the Financial Action Task Force (FATF) issued its second public consultation on revisions to Recommendation 16 (R.16), its Interpretive Note (INR.16) and the related Glossary of specific terms, to adapt them to the changes in payment business models and messaging standards.
The objective of the
On 24 February 2025, the European Banking Authority (EBA) issued a report on data availability and feasibility of common methodology for environmental, social and governance (ESG) exposures.
The report addresses points (a) and (b) of the mandate under Article 501c(1) of the Capital Requirements Regulation (CRR), requesting the EBA
On 7 January 2025, the European Securities and Markets Authority (ESMA) published a Final Report containing guidelines on stress test scenarios under the Money Market Funds Regulation (MMF Regulation). The guidelines apply in relation to Article 28 of the MMF Regulation and establish common reference parameters for the stress test scenarios