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Aug 8, 2024 | 
jdsupra.com | Richard Frase |Philippa List |Simon Wright
Key Takeaways The FCA has published its final rules and guidance necessary to implement the Overseas Funds Regime (OFR). The gateway for eligible funds to apply for recognition under the OFR is scheduled to open in September for new schemes and in October for funds currently in the temporary marketing permissions regime (TMPR). The new FCA Handbook rules and guidance to support the implementation of the OFR are in force from 31 July 2024.
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May 28, 2024 | 
law360.com | Richard Frase |Simon Wright
By Richard Frase and Simon Wright (May 28, 2024, 3:18 PM BST) -- The U.K. Financial Conduct Authority is planning to lift its ban on asset managers making joint or so-called bundled payments to broker-dealers for third-party investment research and execution services. The change is being fast-tracked and is likely to come into force in the second half of 2024.... Law360 is on it, so you are, too.
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May 13, 2024 | 
jdsupra.com | Richard Frase |Philippa List |Mikhaelle Schiappacasse
Key Takeaways The UK Financial Conduct Authority’s (FCA) anti-greenwashing rule (Rule) will come into effect on 31 May 2024 and applies to all FCA-authorised firms. The Rule requires that references made to the sustainability characteristics of a product or service, are (i) consistent with the sustainability characteristics of the product or services and (ii) clear, fair and not misleading.
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May 9, 2024 | 
jdsupra.com | Richard Frase |Simon Wright
Key Takeaways The UK Financial Conduct Authority (FCA) is planning to lift its ban on asset managers making joint or ‘bundled’ payments to broker-dealers for third-party investment research and execution services. The change is being fast-tracked and is likely to come into force in the second half of 2024.
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May 8, 2024 | 
lexology.com | Richard Frase |Simon Wright
Key TakeawaysThe UK Financial Conduct Authority (FCA) is planning to lift its ban on asset managers making joint or ‘bundled’ payments to broker-dealers for third-party investment research and execution services. The change is being fast-tracked and is likely to come into force in the second half of 2024.
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May 2, 2024 | 
mondaq.com | Gus Black |Richard Frase |Marianna Tothova |Philippa List
AIFMD 2.01 enters into force today –15 April
2024.
Member States have 24 months to transpose the provisions into
national law, meaning that AIFMD 2.0 will take effect from 16 April
2026.
AIFMD 2.0 provides for some transitional provisions for AIFs
that originate loans, and the key date of reference for these
transitional provisions is 15 April 2024.
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Apr 16, 2024 | 
jdsupra.com | Gus Black |Richard Frase |Philippa List
Key Takeaways AIFMD 2.01 enters into force today –15 April 2024. Member States have 24 months to transpose the provisions into national law, meaning that AIFMD 2.0 will take effect from 16 April 2026. AIFMD 2.0 provides for some transitional provisions for AIFs that originate loans, and the key date of reference for these transitional provisions is 15 April 2024.
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Apr 15, 2024 | 
lexology.com | Gus Black |Richard Frase |Marianna Tothova |Philippa List
Key TakeawaysAIFMD 2.01 enters into force today –15 April 2024. Member States have 24 months to transpose the provisions into national law, meaning that AIFMD 2.0 will take effect from 16 April 2026. AIFMD 2.0 provides for some transitional provisions for AIFs that originate loans, and the key date of reference for these transitional provisions is 15 April 2024.
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Mar 28, 2024 | 
jdsupra.com | Richard Frase |Patrick Goebel |Philippa List
Key Takeaways The text of the directive to amend the AIFMD (so-called AIFMD 2.0) was published in the Official Journal of the EU on 26 March 2024 and will enter into force on 15 April 2024. Member States have 24 months to transpose the provisions the provisions into national law, meaning that AIFMD 2.0 will take effect from 16 April 2026. AIFMD 2.0 makes targeted amendments to certain provisions of AIFMD – the impact is likely to be significant.
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Feb 23, 2024 | 
jdsupra.com | Richard Frase |Simon Wright
Key Takeaways Operators marketing EU UCITS in the UK under the FCA’s temporary marketing permissions regime (“TMPR”) will be able to continue to do so following the expiry of the TMPR, provided they register the UCITS in question for marketing with the FCA. UCITS operators currently marketing UCITS under the TMPR can continue to do so until the end of 2026.
