01 Mar 2022 Overseas Funds Regime: "live" but not yet kicking By Lora Froud, Dominic Buxton, Gavin Haran The Government has made and published Regulations that brought the Overseas Funds Regime (OFR) into effect from 23 February 2022. This is...
21 Feb 2022 Next steps for UK funds regime review By Rhiannon Kinghall Were On 10 February 2022 HMT published its formal response to its review of the UK funds regime and set out a series of actions it is planning...
03 Feb 2022 ESMA’s briefing on tied agents: UK managers in the firing line? By Andrew Henderson, Gavin Haran ESMA’s supervisory briefing on supervisory expectations in relation to firms using tied agents in the MiFID II framework will be...
24 Jan 2022 Asset valuation: EU managers under scrutiny By Sandeesh Shah ESMA has announced that it is launching its third common supervisory action (CSA) on the EU asset management sector, this time focusing...
20 Jan 2022 FCA tackles the "Wild West" of high-risk investments By Gavin Haran, Andrew Henderson The FCA has published a consultation that proposes to reform its financial promotion rules. The changes relate to "high-risk...
19 Jan 2022 Marketing cryptoassets: HMT and the FCA weigh in By Andrew Henderson On 18 January 2022, HM Treasury (HMT) published its response to its July 2020 consultation paper on cryptoasset promotions. This was...
26 Nov 2021 EU proposes delay to mandatory buy-in regime; settlement fails reporting and cash penalties unaffected By Rob Daniell, Edward Karsten, Kartik Iyer In a much-anticipated move, EU co-legislators have proposed an amendment to the Central Securities Depositaries Regulation (CSDR) to...
12 Nov 2021 Private equity, public costs By Christopher Good “Big change is coming”, wrote Elizabeth Warren when Gary Gensler was nominated by President Biden to be the next chair of the Securities...
11 Nov 2021 Christmas comes early for clearing – UK CCP temporary equivalence to be extended By Edward Karsten, Rob Daniell, Christine Long Pursuant to a statement published yesterday, Mairead McGuinness, European commissioner for financial services announced an extension to...
09 Nov 2021 ESG in action in defence outsourcing and supply chains - and what's next? By Mark Lewis This blog was prompted by an intriguing report published on 6 November in The Telegraph: UK FTSE 250 outsourcer/service provider has...
02 Nov 2021 UK plans appointed representative review By Alexandra Green Following on in short succession from the FCA’s Host ACD review, the FCA’s freshly published November 2021 Regulatory Initiatives Grid...
26 Oct 2021 FCA publishes Long Term Asset Fund final rules By Lora Froud, Gavin Haran The FCA has published its final rules for the Long Term Asset Fund (LTAF). The LTAF is a new authorised fund vehicle that aims to make it...
28 Sep 2021 Official Working Group encourages pension savers to invest in long term assets By Lora Froud, Gavin Haran The Productive Finance Working Group has published its recommendations to UK policymakers to remove barriers to investment by retirement...
21 Sep 2021 Labour announces plans to tax carried interest as income By Lawrence Parkin Shadow Chancellor Rachel Reeves has announced that Labour, if the party wins the next general election, will target the carried interest...
16 Sep 2021 Legislating for the LIBOR transition: synthetic LIBOR for tough legacy contracts By Jamie Macpherson, Tim Plews With less than four months to go before the FCA turns off the supply of daily LIBOR (in its well-used form) for most of the 35...
09 Sep 2021 The missing cornerstone in sustainable finance: investee company ESG reporting By Lora Froud, Tiffany Cox, Gavin Haran The rush to regulate financial markets to produce ESG outcomes has brought focus to a problem: in the absence of good quality ESG data...