Zachary Mellor-Clark

Aug 1, 2024 | lexology.com | Jonathan Adler |Gregg Beechey |Jeremy Berry |John Bibona |William J. Breslin |Kate Downey | +24 more

On  8 July 2024, the European Securities and Markets Authority (“ESMA”) published draft regulatory technical standards [1](“RTS”) and draft guidelines [2](“Guidelines”) addressing liquidity management tools (“LMTs”) for open-ended funds.

Jun 29, 2023 | lexology.com | Gregg Beechey |Zachary Mellor-Clark |Nishkaam Paul

The second quarter of 2023 saw a significant number of regulatory developments that impact, or have the potential to impact, private fund managers active in and marketing into Europe. Notable developments during this period, outlined at a high level in this memo, included (but were by no means limited to):The progression of amendments to the Alternative Investment Fund Managers Directive (“AIFMD 2”) to trilogue.

Mar 2, 2023 | lexology.com | Nishkaam Paul |Gregg Beechey |Zachary Mellor-Clark

Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (the “ELTIF Regulation”), which has applied since 9 December 2015, established a type of collective investment vehicle called an ‘ELTIF’ which seeks to facilitate investment in companies and projects requiring long-term or ‘patient’ capital, such as infrastructure, education and research and development, whilst offering investors stable returns.