Investissements en capitaux, gestion d'actifs et fonds

eAlerts Récentes

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  07.12.2023

  United Kingdom

  FCA’s Consultation Paper on Implementing the Overseas Funds Regime (“OFR”)

  On 4 December, the FCA launched a consultation to implement the framework to enable non-UK domiciled funds to be marketed to UK retail investors under the OFR (“OFR recognised schemes”). We briefly summarise the FCA's proposals.Who does this impact?Operators of non-UK domiciled funds that either are within the Temporary Marketing Permissions Regime (“TMPR”), or who wish to market non-UK funds to UK retail investorsLux and Irish UCITS funds are commonly invested in by UK retail investors and so this will also be of real relevance to operators of those fundsUK Distributors...

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  29.11.2023

  United Kingdom

  FCA’s Policy Statement 23/16: Sustainability Disclosure Requirements (SDR) and investment labels

  Further to the FCA’s CP22/20 the FCA has published, on 28 November, its final rules and guidance to help consumers navigate the market for sustainable investment products (“PS23/16”).There is a huge amount of detail within PS23/16, and we will be providing more extensive commentary in the days to come. For now, we have highlighted the main changes from CP22/20, included the amended implementation timeline and a summary of the final package. What is changing in response to CP22/20?Most of the CP22/20 proposals have been amended – some more significantly than others –...

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  23.11.2023

  United Kingdom

  Autumn Statement 2023 – Key tax announcements

  The Chancellor opened his speech with a statement that, “Our plan for the British economy is working, but the work is not done”.  Consistent, perhaps, with the tone of that message, yesterday’s announcements offered few real surprises, with the headline measures – on NI changes and full expensing – already widely anticipated.A summary of the key announcements follows.Tax measures for individuals (employees & self-employed)National Insurance Contributions (NICs) ratesIn relation to NICs, the Chancellor has announced the following.The main rate of Class 1 National...

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  08.11.2023

  United Kingdom

  Another step towards transparency: the Economic Crime and Corporate Transparency Act 2023 becomes law

  The Economic Crime and Corporate Transparency Act 2023 (ECCTA), which gained Royal Assent on 26 October 2023, is part of a package of reforms aimed at tackling economic crime and preventing the abuse of corporate structures in the UK by improving the transparency of corporations and those behind them. It is far-reaching in scope and Companies House have called its enactment “one of the most significant moments in [its] history”.Amongst other things, the ECCTA reforms Companies House and turns the Registrar of Companies into a more effective regulator with clear objectives and greater...

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  07.11.2023

  United Kingdom

  Financial services outsourcings and AI

  With the AI summit last week in Bletchley Park where a world-first agreement has been made between the UK, EU, US and China on the opportunities and risks posed by AI, we thought it was a good time to provide our initial thoughts on AI and the potential impact on regulated outsourcing arrangements. As outlined in the Bletchley Declaration, AI presents a significant opportunity for regulated firms to enhance and automate processes and tasks, both internally and externally via third party service providers, alongside some complex challenges and risks.Ultimately, our view is that the challenges are...

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  06.11.2023

  Europe

  The Council adopts the EU Green Bonds Regulation

  IntroductionOn 23 October 2023, the Council of the European Union (the Council) adopted in first reading the regulation on European green bonds standards (the EU GB Regulation)[1]. This formal adoption ends a two-year process, from the European Commission (the EC)’s initial proposal on 6 July 2021 to the provisional agreement reached with the European Parliament (the EP) on 28 February 2023, which was formally adopted by the EP on 5 October 2023.Within those two years, interest in sustainable investments significantly increased and sustainable-related financial products has reached an impressive...

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