Regulatory update
2 December 2021
Compliance calendar
Need to know dates for your diary as UK rules diverge post-Brexit, as well as upcoming key European regulations
25 November 2021
European Commission puts AIFMD and ELTIF under review
The legislative proposals adopted include clarification on delegation rules
4 November 2021
Comment: New tax regime for UK asset holding companies
Ropes & Gray partner Brenda Coleman and associate Tim Waters detail the latest development for the UK funds industry
28 October 2021
Profile: Jon Fredrik Vassengen, Argentum
The manager and compliance officer discusses how the fund-of-fund determines ESG criteria and the challenges of collecting quantitative ESG data
30 September 2021
Taxation of partners: Changes expected
Alex Conway of Crowe UK details expected changes as to how partners will be taxed following the government’s current consultation
13 September 2021
IPEM 2021: PE is ready
Claire Chabrier, president of France Invest discusses how the Covid pandemic has accelerated innovation, climate issues and social responsibility
2 September 2021
Get ready for the new investment firms prudential regime
PE houses must familiarise themselves with the new requirements and ensure their forecasting practices are up to standard, writes Karen Allan of Haysmacintyre
26 July 2021
Domicile watch: July 2021
Key takeaways from the major PE domiciles: including Denmark's ranking as most business-friendly domicile, increased fund fees for Jersey and Guernsey's proposal for increasing fees
13 July 2021
EU delays SFDR application date
SFDR application has moved from 1 January 2022 to 1 July 2022 to ensure a smooth implementation of the standards
6 July 2021
Lack of standardisation biggest threat to ESG
“Without one standardised framework for reporting standards, we will continue to see firms mixing and matching various guidelines, hindering long-term process in the area.”
1 July 2021
A guide to Germany’s new pre-marketing rules
New pre-marketing obligations for German AIFs come into force this August, with a distinctive German twist
29 June 2021
Domicile watch: June 2021
Key takeaways from the major PE domiciles: including Guernsey's updated code of corporate governance, Luxembourg's FAQ on MiFID application and Cyprus' new form related to cross-border activities
25 June 2021
FCA proposes climate-related disclosures
The proposals aim to increase transparency while enabling clients to make considered choices while remaining proportionate for firms
14 June 2021
LPs increasingly concerned by tax and regulatory changes
43% of LPs identified regulatory changes as the greatest risk to PE returns
2 June 2021
Investcorp delists
The GP will delist from the Bahrain Bourse and become a closed shareholding company
4 May 2021
WATCH: What do LPs do with all the data?
A recent webinar discussion explored the way in which data is being communicated, how technology is helping both GPs and LPs, and what LPs are doing with all the information
28 April 2021
LISTEN: Do we even need standardisation? Episode 2
The second instalment of a recent podcast discussion examined industry body reporting efforts, and asked if standardised reporting is still necessary?
21 April 2021
LISTEN: Do we even need standardisation? Episode 1
A recent podcast discussion explored technological advances in data transmission, and asked if standardised reporting is still necessary?
8 April 2021
Green washing up
The SFDR aims to combat greenwashing, but what is actually expected from PE firms, and what do the new rules mean for operational leaders?
6 April 2021
A guide to continuation funds
Jeffrey Bronheim, Daniel Mathias and James Mossetto of Cohen & Gresser detail key documentation considerations in where conflicts of interest may potentially arise, and why this trend is likely to continue
22 March 2021
Protecting and enhancing value: Managing human rights risks across your portfolio
Sam Eastwood, James Ford, and Libby Reynolds of Mayer Brown predict greater focus on human rights due diligence processes
10 March 2021
SFDR comes into effect
SFDR imposes new transparency obligations and periodic reporting requirements on financial market participants
4 March 2021
Deeper Perspective: The UK Funds Regime
Benjamin Lamping, founder of Reframe Capital asks: Are we at risk of missing a potential watershed moment for the UK funds industry, and a genuine post-Brexit opportunity?
22 February 2021
Domicile watch: February 2021
Key takeaways from the major PE domiciles: including Jersey's recommendations to adapt its framework, Guernsey's latest guidance on cyber security and countering financial crime and terrorist financing, as well as Luxembourg's response to OpenLux
15 February 2021
Private equity and the trade and cooperation agreement
Brexit has shifted from political to economic, causing widespread disruption for private equity, writes Denzil Davidson of Global Counsel
8 February 2021
GAAP in Lux
Avega Capital Management’s Nic Mueller discusses why the Grand Duchy’s new interpretation of accounting standards is important for private equity funds
8 February 2021
Tangled up
Despite reaching a deal, the UK's departure from the EU leaves private equity firms caught up in an intricate web of rules and regulations
1 February 2021
Spending power: Getting a handle on legal expenses
A recent webinar discussion looked under the bonnet of legal spending
27 January 2021
Domicile watch: January 2021
Key takeaways from the major PE domiciles: including Jersey's new definition for AML legislation, changes to Guernsey's private fund regime and Ireland's prep for SFDR
21 January 2021
Private Equity Service Provider Awards: Winners announced
Winners of the Private Equity Service Provider Awards revealed
14 January 2021
ESMA reminds firms of MiFID II reverse solicitation rules
The regulator notes that since the UK’s Brexit transition period ended on 31 December 2020, some questionable practices by firms around reverse solicitation have emerged
13 January 2021
ESMA and FCA agree MMoU on information exchange
The MMoU explains the FCA’s and EEA authorities’, “willingness to cooperate with each other to maintain confidence in the financial system and preserve financial stability in their respective financial markets
11 January 2021
The ESG tech wave
From static and infrequent DDQs to real-time, performance linked, fully integrated improvements; ESG is fast-becoming a tech play
18 December 2020
Irish Funds welcomes LP reform
The trade body predicts The Investment Limited Partnerships (Amendment) Bill 2020, passed in the Dáil, will create 3,000 jobs by 2025 and attract up to €20bn of global private capital each year
17 December 2020
The conversation: Trends in 2021 and beyond
InCloudCounsel founder and CEO Troy Pospisil examines patterns established in 2020 and how they will impact the next few years in private capital markets
16 December 2020
LISTEN: InCloudCounsel’s Pospisil on the future
Troy Pospisil explores how the regulatory landscape for private capital funds is evolving, how investor demands are changing and how InCloudCounsel’s offerings aim to support these developments
14 December 2020
Class of 2020
A cross-section of industry practitioners share their greatest lessons of this year
11 December 2020
BVCA launches Capital Gains Tax committee
Committee has been created in response to the UK Government’s ongoing tax investigation that has prompted fears of a CGT hike
9 December 2020
LISTEN: InCloudCounsel’s Pospisil on document abstraction
Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about what it is, how it works and how it supports private equity legal teams, as well as the wider organization.
8 December 2020
2020 in review: Regulatory complexity
A look back at the regulatory transformation around the AIFMD in the private equity market in 2020
7 December 2020
NAVs won’t return to pre-pandemic levels until 2022
80% of Duff & Phelps survey respondents believe up to 30% of private market investments won’t recover their pre-pandemic values until 2022 or beyond
2 December 2020
LISTEN: InCloudCounsel’s Pospisil on private equity roots
In the first instalment of our mini podcast series, Alice Murray talks to Troy Pospisil, founder and CEO of InCloudCounsel about the company’s origins: what drove him to set up the firm and how it has developed over the past seven years.
30 November 2020
Throgmorton launches CFO & COO Solutions
Throgmorton has launched an outsourced service for the CFO and COO function.
16 November 2020
No place like home: finding the right fund domicile
Predictability, reliability and quality are key components, according to our expert panel
26 October 2020
Comment: The ‘new office politics’
IC Intelligence chief strategist Dr Desné Masie, says the worst isn't over for real estate funds
22 October 2020
Fund managers fall short on governance
A large number of previously authorised fund managers have failed to implement the governance framework set out by the Central Bank of Ireland
22 October 2020
DAC6: what it means for LPs
Natalie Psaila, counsel in the London Tax Group at Hogan Lovells, details the circumstances in which the DAC6 rules are most likely to be relevant to investors in private equity funds
19 October 2020
Comment: Can public subsidy and private equity co-exist?
Covid-19 has thrown the industry into an unwanted spotlight - and now the taxman cometh
13 October 2020
WATCH: No place like home: finding the right fund domicile
Predictability, reliability and quality are key components, according to our expert panel
12 October 2020
Held to account: why is it so hard for PE to open bank accounts
GPs are waiting up to nine months to open SPV accounts, and its easy to see why
1 October 2020
Private equity’s return to work
Taylor Wessing partners Emma Danks and Helen Farr outline the key litigation risks of returning to the office
28 September 2020
Ocorian acquires Newgate Compliance
The deal furthers Ocorian's service offering to asset managers operating in the regulated UK market.
28 September 2020
LemonTree creates advisory board
Mahmoud Warriah is advisor for accounting and Toby Norfolk-Thompson is advisor for banking and tax
21 September 2020
Comment: Cross-border marketing of funds
Richard Small, partner of Addleshaw Goddard, deciphers increasing complexities around crossborder marketing rules
17 September 2020
Profile: Debojit Mukherjee, Agilitas Private Equity
The chief operating officer discusses what attracted him to his role, how the firm measures and tracks ESG and why their Sustainable Value Creation report is so important
10 September 2020
A true alternative
From alternative law firm to publicly listed full-suite asset management consultancy, MJ Hudson has had an outstanding decade
1 September 2020
Culture shock
Culture's intrinsic link to behaviour means private equity must think carefully about how it navigates the crisis
27 August 2020
Comment: Compliance and ESG - Overhead or value-driver?
The crisis will likely bring about more stringent financial and environmental regulations; cutting compliance and ESG resources could bear greater costs, warns Robin Lööf and Edoardo Troina at Debevoise & Plimpton
24 August 2020
Comment: Navigating capital calls
Lydia Danon and Shelley Drenth of law firm Cooke, Young and Keidan, outline practical steps PE firms ought to be taking to mitigate potential capital call conflicts