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…
Temporary Permission Regime for UCITS Marketing Update With a note dated May 24th 2019, the UK FCA has released news about the extension of the Temporary Permission Regime (TPR) for inbound passporting in the UK of EEA firms and funds. The extension will run until October 30th 2019 in light of the new deadline for…
Is a memorandum of understanding ESMA solution to a no deal Brexit case scenario? This seems to be the case from a recent speech held (please find it here) by Steven Maijoor, Chair of ESMA, when detailing some of the imminent steps to be taken at global European and EU 27 level in order to…
How UCITS marketing in the United Kingdom will be carried out in case of a no deal scenario post-Brexit is one of the questions that many fund managers are asking today. Luckily, the so called onshoring – a process initiated since 2017 by the UK government to prepare for a no-deal – made good progress,…
The Temporary Permission Regime for UCITS and AIF marketing post-Brexit received some welcomed clarity recently. On 8th October 2018 HM Treasury published two draft statutory instruments to amend relevant EU law related to investment funds and entities managing investment funds. One covers the AIFM Directive whilst the other the UCITS Directive. Find these draft instruments…
This Interview on Brexit ESMA Opinion on Investment Management was firstly published on AlphaWeek and Is Reproduced Here under Their Permission. Brexit ESMA Opinion on Investment Management was the topic of a conversation between AlphaWeek and Attilio Veneziano, Managing Director of Veneziano & Partners, an international consulting boutique specialised in the European regulation of cross-border fund…