As we move closer and closer to a no-deal Brexit, the likelihood is, that come the end of the UK’s transition period for leaving the EU (1st January 2021), major shareholders will need to consider a number of new factors to ensure they are making the correct disclosure to the correct competent authority of the…
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You’ve seen it, cheap bubbly, cheese and crackers, wine, last minute essentials on offer for the big day. On the continent however there might be other deals occuring. The Pound has resurged on the glimmering hopes of a last minute deal. Michel Barnier himself stating that it may happen this week. In a period that…
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Foreign investment and sensitive sectors regimes enable government across the world to scrutinise foreign shareholders investing in sectors considered sensitive in the particular jurisdiction. We have seen the number of regimes significantly increase and scrutiny intensify throughout 2020. November, however, appears to have been a bumper month in terms of foreign investment developments tracked by…
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The past month brought important developments on topics such as fund liquidity, costs and fees charged by fund managers, AIFMD, UCITS and Money Market Funds. Most notably, in the UK, HM Treasury published the responses to the consultation on the Overseas Funds Regime, and the Financial Services Bill 2019-21 saw its second reading and is…
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ESMA has refused to relax rules around swap trading by EU banks operating in the United Kingdom. The hope was from, January the banks would continue under UK rules, this however will not be the case and they will need to toe the line. ESMA had hit back at UK regulators saying it is their…
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Throughout the year regulators have focused on liquidity, and as this year draws to a close, that focus shows no signs of diminishing. “Asset managers need to step up their efforts to ensure the liquidity of their funds is adequately managed and that they are prepared for future shocks” – that was the closing remarks…
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On 11th November 2020, the UK Government introduced the long-awaited National Security and Investment Bill in the House of Commons. The Bill provides the government with new powers to screen investments, and aims at tightening the rules governing foreign investment across Britain’s critical infrastructure and parts of its defence industries. Overview The National Security and…
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In July, the SEC announced proposed amendments to 13F Reporting, to update the reporting threshold for institutional investment managers, as well as a number of other ancillary changes. The major proposed amendment was the increasing of the reporting threshold from $100 million to $3.5 billion. Recently, it has been reported that the proposal has been…
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The 2020 US election is nearing its final stages. At time of writing the contender Joe Biden holds 264 electoral votes, Trump 214. Trump can’t afford to lose any more of the remaining 4 uncalled states if he wants 4 more years. Surprisingly in such a drawn out affair markets are up in the States.…
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Despite the continuing focus on the rapidly rising COVID-19 infections rates in the US & Europe, the looming Lockdown 2.0, and the impending, potentially contentious race for the White House, October saw regulators press ahead with the launch of several significant fund regulatory developments. If you would like to see a full list of the…
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