Key Issues Relating to Fund management

The UK has an unfortunate gap in its fund offering, compared with many other jurisdictions. It does not have, but in my view needs, a closed-ended or hybrid solution for pension funds and other institutional investors to hold UK real estate investments. Ideally, the fund should be unlisted, tax transparent and offer tradable units. Melville […]

Apex Group appoints China Country Head

Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announces today the appointment of Debbie Lee as Country Head, China. Based in Shanghai and reporting to Valerie Mantot-Groene, Head of APAC, Debbie will be responsible for driving the firm’s continued growth and performance across the APAC region. Today’s announcement further demonstrates Apex’s […]

Whitepaper: Five technology considerations for asset managers

Asset managers operate in an evolving environment, where adapting to emerging investment trends, integrated global markets and changing regulations is imperative. With COVID-19 forcing a rapid change in business practices, it is clear that asset managers need to increase the digital enablement of their processes not only to maintain operations, but also to better meet […]

The three major challenges of ESG under SFDR

Your ESG race has begun. Don’t get left behind after the March 10 starting line. Now that the dust has settled on the initial March 10, 2021 deadline of the EU Sustainable Finance Disclosure Regulation (SFDR), you may forgive many investment managers for thinking that they have cleared the latest regulatory hurdle and are on […]

DIFC: Domicile for fund managers and funds

Regulatory Authorisation to conduct financial services as a financial institution as well as seeking regulatory approval for funds both for establishment and marketing eligibility is a comprehensive process requiring a clear understanding of the expectations and disclosure requirements. Our Compliance Solutions team have extensive experience in providing turnkey solutions and a full range of Dubai […]

USA: Fourth National Climate Change Assessment

The USA’s fourth Climate Change assessment set forth a high level summary of key messages, including mitigation and adaptation. These high level messages are summarized as follows: Communities Climate change creates new risks and exacerbates existing vulnerabilities in communities across the United States, presenting growing challenges to human health and safety, quality of life, and […]

New Company Service Provider Regulations Framework – ADGM

On 17th March 2021, the Abu Dhabi Global Markets (‘ADGM’) Board of Directors enacted legislation which directly impacted on Special Purpose Vehicles (‘SPV’) and Foundation that are located within ADGM jurisdiction. All Corporate Service Providers (‘CSP’) who are currently providing or intending to provide services to other corporates under their Commercial Licence obligations will also […]

USA: A Climate for Change

The US regulators, Securities and Exchange Commission (SEC) and Federal Reserve, issued market communications on ESG and Climate change related considerations. This represents a significant commitment to ESG and much wider governance and climate related risk considerations, in light of the USA’s National Climate Change Assessment and recognition that climate change is inherently a cross-border […]

On Demand: Quarterly Global Compliance Regulatory Update Webinar: Q1 2021

Regulatory compliance for financial services is of utmost importance and supporting our global clients across different regulatory center’s to navigate applicable regulations with business focused compliance solutions enables our clients to stay ahead and seek out opportunities through regulatory change. Listen to our recent webinar where Hari Bhambra, our Global Head of Compliance Solutions, provided […]

Understanding the changes to Hong Kong’s open-ended fund company regime

This article was first published on Thomson Reuters Regulatory Intelligence on March 9, 2021. In June 2018, the Hong Kong Securities and Futures Commission (SFC) introduced the legal and regulatory framework for the open-ended fund company (OFC) regime. Two years later, it became clear the structure needed a rethink, with only five OFCs having been […]