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…
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…
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…
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…
Good Governance. Keeping the Board Informed About UCITS Cross-Border EU Registrations In the EU domiciles with the most evolved fund governance standards, the board of directors of UCITS management companies plays a pivotal role with regards to UCITS Cross-border EU registrations. The board of directors, in fact, will have a say ex-ante on distribution, to…