SFDR for Non-EU AIFMs Marketing in EU. Whilst the dust settled on the first round of the SFDR implementation, completed in March 2021, uncertainty still remains for what concerns the applicability of the rules and the disclosures under SFDR to non-European AIFMs marketing in EU. In an unprecedented fashion, a narrative of extra-territorial effects of…
Cross Border Distribution Directive and Facilities Agents One of the promises of the Cross Border Distribution Directive is to remove hurdles to the distribution of UCITS funds in Europe. For the cost of abiding to certain formalities imposed at local level being one of the main obstacles, it is clear how no single measure could…
ManCo Due Diligence. Quick Facts for US Fund Managers ManCos, a term most commonly used in the investment management world to refer to both UCITS management companies as well as authorised alternative investment fund managers, have been recently – once again – under the spotlight of the Central Bank of Ireland. The results of a…
The New Regime for PRIIPs KIDs Notification in Italy Italy is amongst the handful of European member states to have introduced the requirement for notification of KIDs for the PRIIPs marketed locally. This requirement has immediate implications for manufacturers of fund products classified as PRIIPs and marketed locally, due to the fact that PRIIPs KIDs…
European Fund Platforms. Quick Facts for US Fund Managers Joining European fund platforms is at topic widely debated amongst US Fund Managers looking at fund distribution strategies for Europe. Whilst fund platforms do exist in the US, the European landscape for fund platforms is not entirely aligned in its practices and dynamics with the one…
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…
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…
Phasing Out the AIFMD National Private Placement Regime? Since its introduction in 2011, the AIFMD National Private Placement Regime has provided an avenue for European investors to access alternative investment strategies hosted and managed outside of Europe. Whilst this regime is mainly and essentially a local law affair – and has its limitations, both objective…
Digitalisation in EU Fund Distribution The recent coronavirus outbreak and the ensuing forced digitalisation in the provision of financial services has in our view accelerated a broader digitalisation process already in existence in the EU Fund Distribution ecosystem. A process which was very advanced already in certain parts of the northern hemisphere of Europe, thanking…