18 Mar, 2024 UK AIFMD reforms: further divergence from the EU and a potential relaxation to sub-threshold AIFM requirements By Harriet Miller Gavin Haran On 1 March 2024, the FCA published a letter to CEOs of asset managers and alternatives firms, outlining its supervisory and regulatory...
13 Mar, 2024 UK EMIR – draft Q&As on reporting By William Sykes Robert Daniell Edward Karsten Background The Financial Conduct Authority (FCA) and the Bank of England (BoE) previously published Policy Statement (PS23/2) setting out...
05 Feb, 2024 The Overseas Funds Regime: what does it mean for product value assessments? By Alexandra Green Lora Froud Gavin Haran On 30 January 2024, the Economic Secretary, Bim Afolami, announced that EEA UCITS are deemed equivalent to UK UCITS, in regulatory terms....
07 Dec, 2023 The FCA's Overseas Funds Regime consultation: what does it cover? By Lora Froud Tiffany Cox Emma Garnham Gavin Haran +1 more... Show less On 4 December 2023, the FCA published its consultation (CP23/26) on operationalising the Overseas Funds Regime ("OFR"). Significantly...
30 Nov, 2023 The evolution of core real estate By Nicole Mitchell One silver lining of lower transaction volumes and a slower capital raising environment is the opportunity to pause for thought and...
20 Nov, 2023 AIFMD II - Final compromise text published By Gavin Haran Samuel Brooks Michael Sholem Shang-Hsuen Koh +1 more... Show less The “final text” of the amending directive (AIFMD II) on the amendment of Directive 2011/61/EU on alternative investment fund managers...
15 Nov, 2023 FCA "Dear CEO" letter to wealth managers and stockbrokers By Alexandra Green Rachel Serene The Financial Conduct Authority (FCA) has published its latest “Dear CEO” letter to wealth managers and stockbrokers setting out the key...
18 Oct, 2023 FCA to reform the UK's AIFMD and NURS regimes By Lora Froud Gavin Haran The Chair of the FCA, Ashley Alder, gave a speech on 11 October 2023 outlining the regulator’s approach to the reform of the UK’s asset...
19 Sep, 2023 SFDR 2.0: pivoting in the direction of UK SDR? By Lora Froud Tiffany Cox Emma Garnham Gavin Haran +1 more... Show less On 14 September 2023, the European Commission published a targeted consultation questionnaire to gather feedback prior to proposing...
26 Jul, 2023 Greenwashing to greenhushing - key takeaways By Rachel Richardson Tiffany Cox Praveen Gopalan Emily Batchelor +1 more... Show less As part of the Net Zero Lawyer’s Alliance's (NZLA) programme for London Climate Action Week, Macfarlanes held a panel session titled...
03 Jul, 2023 LTAF now accessible to retail investors By Gavin Haran Lora Froud Emma Garnham Tiffany Cox +1 more... Show less On 29th June, the FCA published its Policy Statement and Handbook rules (PS23/7) on "broadening retail and pensions access to the LTAF" ....
05 Jun, 2023 ILPA weighs in on continuation funds By Harriet Miller Henry Stewart-Brown Continuation funds are now a staple feature of the private funds industry as general partners (GPs) look to move one or more selected...
20 Mar, 2023 ESG laundering: private fund managers reconsidering where their capital is coming from By Harriet Miller We have seen significant growth in the number of private funds being raised that consider sustainability characteristics or seek to have...
02 Mar, 2023 The Consumer Duty and the fight over the regulatory philosophy governing UK financial services By Gavin Haran The FT published a report, widely picked up elsewhere, that the UK’s City Minister, Andrew Griffith, has criticised the FCA’s flagship...
27 Jan, 2023 The UK’s upcoming Retail Disclosure Regime: what should firms disclose in the meantime? By Gavin Haran PRIIPs is dead; long live the Retail Disclosure Regime. The Chancellor announced on 9 December 2022 that the Government will revoke the...
14 Dec, 2022 Will the Edinburgh Reforms make a difference? By Alexandra Green Michael Sholem Gavin Haran On 9 December, the Chancellor announced a package of over 30 reforms to the UK’s financial regulations, an attempt to achieve the biggest...