Where the Rubber Meets the Road on AIFMD Pre Marketing By August 2021 most of Europe will implement the so-called Cross Border Distribution of Investment Funds Directive (the Directive). The reason why this is important is because of the introduction of the notion of AIFMD Pre Marketing as well as the related notification regime across…
What You Need to Know about Marketing UCITS in UK Post Brexit Discussions abound on the consequences of Brexit for UK market participants. Most of the focus so far has been on the access to the EU 27 – or loss thereof – once the EU passport was no longer a possibility (see more on…
MiFID Tied Agents. Weighing Your Options to Access the EU Single Market 2021 started on a better note for many. Some of the old issues, like the uncertainty surrounding Brexit, was left behind in 2020 for good. A long-awaited trade deal was struck between the UK and the EU just by the end of the…
What You Need to Know about UCITS Marketing in Italy With assets under management easily exceeding a trillion Euros, nearly half of which accounted for by the fund industry, Italy remains one of the most attractive markets for EU fund distribution. However, not an easy one especially for foreign asset managers. A very conservative local…
UCITS KIID PRIIPs KID Transition. Is that Ever Going to Happen? There are few reasons why UCITS managers are concerned with PRIIPs. The first and most apparent one is that the definition of PRIIPs encompasses both packaged retail investment products and insurance-based investment products, with UCITS falling under the first category. The second reason, more…
Investment Funds Cross Border Distribution in 2021 The European landscape for investment funds Cross Border Distribution is set for a small revolution in 2021. Following the adoption in mid-2019 of both a new directive and a regulation, part of a broader endeavour of the European Commission on the Capital Markets Union, the time has now…
Add Sub-funds in the UK Temporary Permission Regime So, you are most likely one of the wise fund managers or promoters to have had your UCITS authorised for marketing in the UK under the European passport regime, just on time before the end of the transition period. You also most likely were able to carry…
Luxembourg Fund Distribution Post Brexit. All You Need to Know Now The CSSF recently issued a press release to reinstate and clarify the steps required for Luxembourg Fund Distribution post Brexit in light of the looming deadline of 31 December 2020 and the end of the transition period in the UK. The press release from…
The Spirit of AIFMD Premarketing After nearly ten years since its adoption, it is now common knowledge that the AIFMD irreversibly changed the European landscape for managing alternative investment funds. What is less known about the AIFMD though, is that it also contributed to define at European level the concept and dynamics of marketing investment…
ESG Disclosure in UCITS KIIDs The Disclosure Regulation is considered by many a strategic regulation with long lasting effects for the fund management industry. Since its introduction, a great deal of attention has been paid to the implications of ESG Disclosures on the operations of fund managers, including a recent lengthy debate on the lack…