For some time now it’s been common to see Cayman and Luxembourg teams regularly working alongside each other on fund deals, but there’s no doubt this is increasingly becoming a feature of cross-border structures.
For some time now it’s been common to see Cayman and Luxembourg teams regularly working alongside each other on fund deals, but there’s no doubt this is increasingly becoming a feature of cross-border structures.
There are a number of areas where the issue of diversity and inclusion (D&I) particularly impacts the asset management sector.
This summer, residents of European cities could not help but be affected by calls from protesters for action on climate change.
In the context of Brexit, asset managers may consider equivalence as an option for accessing EU markets without obtaining separate authorisations in the absence of a financial services passport, particularly in relation to the management or marketing of funds, or other investment activities.
In April, radical changes to UK tax law came into force, levelling the playing field for resident and non-resident investment funds by bringing foreign entities within the charge of UK tax on the disposal of land.
Despite the European Parliament adopting new rules on the cross-border distribution of funds, the ultimate goal of a single European market for investment funds remains, in spite of the availability of marketing passports, far from complete.
Since the UK’s Financial Conduct Authority announced in 2017 that it would withdraw its support for the London Interbank Offered Rate (Libor) by the end of 2021, various regulators and market participants have joined forces to discuss and prepare their proposed transition plans.
The EU’s ambitions for sustainable finance touch most areas of financial services. The European Commission established a high-level expert group in 2016 with the goal of developing an EU strategy on sustainable finance, which concluded that environmental, social and governance considerations had to be considered.
Until recently, we hadn’t witnessed any enforcement action under the General Data Protection Regulation (GDPR). But, nearly 12 months on from its implementation, some initial penalties have now been levied.
Exchange-traded funds (ETFs) offer many advantages, including efficiency, high liquidity and speed in gaining exposure to the securities market.
