PE Tech Report

UK

Dominic Wheatley, Guernsey Finance

Guernsey confirms continuity of UK market access for funds post-Brexit

Guernsey’s financial services regulator has signed a Memorandum of Understanding with the UK’s Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit. Guernsey has a market access agreement with the 28 Member States of the European Union under the EU’s Alternative Investment Fund

FCA’s asset management market study statement strikes pragmatic balance

Andrew Strange, PwC director, comments on this morning’s FCA Asset Management Market Study policy statement and consultation… The FCA has struck a pragmatic balance between prescriptive rules and flexible guidance, and the rules should be welcomed by the industry and consumers.   Delivering value for money for investors has always

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FCA referrals to Regulatory Decisions Committee jump by 65 per cent

There has been a 65 per cent jump in the number of firms referred to the Regulatory Decisions Committee, suggesting an acceleration in FCA investigations, according to Cleveland & Co, the boutique legal advisory business. Information provided to Cleveland & Co by the FCA shows there were 476 firms in

Ropes & Gray comments on outlook for private equity in 2018

The London team at Ropes & Gray has made some predictions for the private equity market in 2018, against the backdrop of market uncertainty caused by a range of factors including Brexit. Phil Sanderson (pictured), private equity partner at Ropes & Gray, says:  “M&A in the UK will remain resilient

FCA steps up number of enforcement cases

Michael Potts, managing partner at Byrne and Partners, comments on the news that the number of cases opened by the FCA doubled between 2014 and 2017… These statistics represent a clear shift in both the behaviour of the FCA and whistleblowers as a whole. Two things are apparent; the increasing

Bank of England

BofE raises interest rates by 0.25 per cent

The Bank of England has raised interest rates by a quarter point to 0.5 per cent, the first interest rate rise in a decade. Commenting on the decision, Andrew Fowkes, Head of Retail Centre of Excellence, SAS UK & Ireland says: “Today’s decision to increase interest rates will be felt

UK Government updates mergers regime to protect national security

New measures to update the merger system and better protect national security have been set out by UK Business and Energy Secretary Greg Clark. The new proposals include enabling the Government to intervene in mergers that raise national security concerns, even when they involve smaller businesses. These changes are targeted

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