Legal & Regulation
By James Williams & Paul Bryant – Capital is flowing into ESG investments with many private equity GPs now on the case. But to stay ahead, they will need credible evidence of impact, not just slick marketing.
UK fund providers will have until 15 September 2019 to submit a ‘Brexit licence’ to the Luxembourg regulator to continue trading in the Grand Duchy.
With the FCA’s Policy Statement PS18/8 due to come into effect from 30 September 2019, Authorised Fund Managers (AFMs) will need to publish Assessment of Value reports from the end of January 2020 (within four months of their funds’ year-end).
A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December.
Following participation in the FCA’s Sandbox initiative in 2018/2019, SquareBook has received regulatory authorisation under Article 25 (2) of the Regulated Activities Order to ‘make arrangements with a view to transactions in investments’.
Boutique law firm Kleinberg Kaplan has become a champion-level sponsor of Women in Funds, a social community for female leaders in the private investment funds industry and select senior leaders at law firms, allocators, and industry consultants.
By Northern Trust – With Regulation Best Interest in the rearview mirror, the SEC is poised to finalise rules governing fund of fund arrangements.
Following the adoption of the long-delayed final Regulation Best Interest in June, what’s next for the US Securities and Exchange Commission (SEC)?
Philip Duffy and Sarah Bell, both of Duff & Phelps, have been appointed Interim Managers of Northern Powerhouse Developments Limited effective Sunday 7 July 2019.
Connect with ACA Compliance Group
By Martin Lovick (pictured), Senior Principal Consultant, ACA Compliance Group – Sexual harassment and other forms of “non-financial misconduct” are now on equal footing with types of financial misconduct, such as market abuse, for the UK Financial Conduct Authority (FCA). Firms and employees are at risk of regulatory sanctions – including, for individuals, the possibility of not being found to be “fit and proper” – for failure to fulfil the FCA’s evolving diversity and inclusion (D&I) expectations.
New research from Luxoft, a global technology services and consulting partner, has revealed that Tier one, Tier two and Tier three investment banks are overconfident about the EU’s new Securities Financing Transactions Regulation (SFTR), which comes into force next April.