Europe has become the destination of choice for US private asset managers battling to find a place in their own saturated market, yet these prospective pilgrims face an uphill battle in complying with stringent regulations on foreign shores.
Eric Mueller, Managing Director, Sydney Hassal, Managing Consultant, and Emma Wooldridge, Managing Consultant, D2 Legal Technology, write that on December 13, 2023, the SEC finalised the most significant structural change to the US Treasury market since the financial crisis: mandatory central clearing for both cash and repo transactions.
New research published by the CFA Institute Research and Policy Center outlines policy recommendations critical to supporting the growth and scalability of digital finance.
Silke Bernard, Global Head of Investment Funds, Linklaters, writes that it’s taken a long time – nearly nine years since the initial legislation came into effect – but European Long-Term Investment Funds appear finally to be on the point of a breakthrough.
The European Fund Classification (EFC), a pan-European classification system of investment funds overseen by industry trade body EFAMA, has significantly expanded its coverage to reach close to 180,000 fund share classes across most European countries. The vast majority of European funds now have an EFC classification, EFAMA writes.
New research from regulatory and compliance experts Bovill Newgate in partnership with Ocorian, provider of services for funds, corporates, capital markets and private clients, reveals that despite saying they take governance extremely seriously and have the right skills at the most senior level, a raft of fines and sanctions in the last two years and other contributing factors is driving alternative fund managers to significantly step up their focus on governance over the next 24 months.
The Financial Conduct Authority (FCA) writes that in new rules, it has set out a simplified listings regime with a single category and streamlined eligibility for those companies seeking to list their shares in the UK.
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”
Jessica Reed, Partner, and Kya Fear, Senior Associate, Farrer & Co write that on 23 April 2024 the Financial Conduct Authority (FCA) published a consultation paper CP24/8 on extending the Sustainability Disclosure Requirements (SDR) regime to Portfolio Management.
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report.
