EU-UK reg divergence: keys months ahead
This autumn will be critical in determining how the EU-UK fund industry relationship develops. The failure to reach an agreement on equivalence means that substantial regulatory divergence could well now happen. That would be a problem for both sides.
Service provider M&A mania
M&A activity in fund servicing has gone into hyper-overdrive, especially at administrators and third party ManCos. What does it mean for managers? Due diligence advice for those caught up in the service provider M&A feeding frenzy.
Further SFDR postponement
The SFDR’s Level 2 has been delayed again. It was first moved from March 2021 to January 2022. It’s now due to come in next July. Level 2 covers the SFDR’s extremely complex technical requirements. This might not be the last delay.
IFI Global launches US publication
IFI Global launches its fourth publication in September, Fund Structuring International (FSI). FSI is for US alt managers looking for advice and information when launching funds in the EU or offshore. FSI also helps US managers find administrators and ManCos. Contact Tamara Sims (email@example.com) for details.
UK gives up on equivalence
Equivalence should have been easy. UK financial service regulations are, at present, completely ‘equivalent’ with the EU’s. And equivalence agreements can be easily withdrawn if there’s too much divergence. But the UK has given up on getting an agreement.