PRIIPs KID in UK. More Head Wind for UCITS Managers New challenges at the horizon for UCITS fund managers currently marketing, or planning to market, towards retail investors in the UK. Concluding a journey started in 2021, the UK FCA recently issued a Policy Statement on PRIIPs KID in UK to introduce new Scope Rules…
UCITS Marketing in UK Made Easier The road for the UK to retain its position as a global financial centre in the aftermath of Brexit is filled with hurdles. The most notable one relates to ensuring continued ability for EEA UCITS marketing in UK, as part of a broader spectrum of foreign EEA financial products…
ESMA MiFID Tied Agents Supervisory Briefing. It is All About the Right Formula 2021 witnessed frantic activity from European regulators to tighten the borders in Europe. Just before year end, along with the proposals for AIFMD II and ELTIF II, there came a letter from ESMA hinting at more scrutiny on the so called reverse…
Overseas Persons Exclusion and the UK Third Country Regime The UK maintains its traditional openness to international business even post Brexit, with the departure from the EU offers UK authorities the opportunity to take a fresh look at the entire UK overseas framework and the various regimes within it. Since the 1980’s, the UK implemented…
UK Overseas Fund Regime. Prepare for Landing! There seems still to be some misunderstanding in the industry around some of the acronyms used to define the legal fictions introduced post-Brexit in the context of the transition from European passport-based permissions to local UK authorisations for EU investment firms and products. We are referring to the…
God Save the UK Sustainability Disclosure Regime In conjunction with the COP26 held in Glasgow, the UK takes another step forward on the path to supporting sustainable finance with the FCA discussion paper on the UK Sustainability Disclosure Regime. Largely driven by the compelling need to build trust in the market towards investment products with…
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…
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…