- The Overseas Funds Regime – where are we now and what should firms be doing?
- The suitability test under ELTIF 2.0 and investment
The new EU AML/CFT regime has arrived – are you ready?
We have published a new online briefing note on the European Union’s new AML/CFT regime.
Our online briefing note is here.
FSB progress report – Enhancing the Resilience of Non-Bank Financial Intermediation
On 22 July 2024, the Financial Stability Board issued a progress report regarding enhancing the resilience of non-bank financial intermediation (NBFI).
The progress report describes recent and ongoing work by the FSB to address systemic risk of NBFI. It sets out the main findings of work over the past year to assess and
Commission adopts ELTIF Regulation delegated act
On 19 July 2024, the European Commission adopted a Delegated Regulation supplementing Regulation (EU) 2015/760 with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management
ESMA consults on LMTs for funds
On 8 July 2024, the European Securities and Markets Authority (ESMA) issued two consultation papers on liquidity management tools (LMTs) for funds.
The first consultation covers draft regulatory technical standards (RTS) on LMTs under the Alternative Investment Fund Managers Directive (AIFMD) and the UCITS Directive. The second
New briefing note – The Overseas Funds Regime: Where are we now and what should firms be doing?
The joint roadmap for implementing the Overseas Funds Regime (OFR), published by HM Treasury and the Financial Conduct Authority (FCA) in May 2024, indicated that the FCA’s final rules and guidance would be published shortly, before they enter into effect in July 2024.
In our new briefing, we outline the
Upcoming webinar: ESG webinar part 3: Greenwashing in focus: Navigating the rise of enforcement
On Wednesday 12 June 2024, as part of our global ESG webinar series, please join us for the third instalment of this webinar series, as we expand on the greenwashing discussion held in the first webinar.
This webinar will feature a discussion from our NRF financial services enforcement team to provide a perspective on greenwashing
New Global Regulation Tomorrow Plus podcast: The Overseas Funds Regime – an update
In the latest in our series of Global Regulation Tomorrow podcasts focusing on the future of asset management regulation in the UK, Claire Guilbert, Uzmah Yunis and Anita Edwards discuss the key practical points firms should be considering following the Financial Conduct Authority’s recent consultation on implementing the Overseas Funds Regime and subsequent developments.
Listen
New Briefing Note – The EU SFDR and the UK SDR examined
Last November the Financial Conduct Authority (FCA) published Policy Statement 23/16 (PS23/16) containing final rules and guidance on sustainability disclosure requirements (SDR) and investment labels (UK SDR regime). The rules and guidance are currently limited to UK asset managers and essentially the requirements comprise of two components
ESMA call for evidence – review of the UCITS Eligible Assets Directive
On 7 May 2024, the European Securities and Markets Authority (ESMA) issued a call for evidence on the review of the UCITS Eligible Assets Directive (UCITS EAD). The purpose of the call is to gather information to assess the possible risks and benefits of UCITS gaining exposure to various asset classes.