Financial Services Regulation 2023 - New Year briefing
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To improve is to change; to be perfect is to change often.
A regular briefing for the alternative asset management industry.
A regular briefing for the alternative asset management industry.
A regular briefing for the alternative asset management industry.
A regular briefing for the alternative asset management industry.
A regular briefing for the alternative asset management industry.
Partners Andy Lewis and Jonathan Gilmour, Senior Counsel Harriet Sayer and Senior Consultant Simon Witney have contributed to the latest paper from Principles for Responsible Investment (PRI): A legal framework for impact (UK): integrating sustainability investment goals across the investment industry.
A regular briefing for the alternative asset management industry.
While the vast majority of alternative asset managers remain owner-managed, in recent years a growing number of GPs have pursued IPOs, equity and debt solutions from external investors, and even outright sales. With such M&A activity in the private funds space initiated by a wide range of drivers – including generational shifts, liquidity requirements or the need for expansion capital – the complexities of executing deals to achieve optimal outcomes cannot be downplayed.
A regular briefing for the alternative asset management industry.
Travers Smith Tax Partners Jessica Kemp and Elena Rowlands, and Knowledge Counsel Laura Hodgson have written an article in the latest edition of Tax Journal, examining the UK implementation of BEPS Pillar Two.
The FCA has now published PS22/9, its policy statement on a new Consumer Duty. This sets out feedback to the December 2021 consultation paper (which we covered in our New Year Briefing), and the final rules. Alongside the new rules, the FCA has also published FG22/5, final non-Handbook Guidance for firms on the Consumer Duty (Finalised Guidance). Potentially, a great many firms will be in scope and this will include some firms which would not consider themselves "retail".
A regular briefing for the alternative asset management industry.
Travers Smith LLP is delighted to announce the appointment of Emily Clark as Head of Asset Management. Asset Management is one of the firm's core areas of focus.
On 9 August 2022, the FCA issued its latest portfolio letter (Letter) to alternative asset management firms setting out its supervisory priorities.
In their expert analysis chapter for the latest edition of the International Comparative Legal Guides for Alternative Investment Funds, Travers Smith Funds Partners Jeremy Elmore and Sacha Gofton-Salmond discuss the evolution of liquidity solutions in private markets.
Travers Smith Funds Partner Jeremy Elmore and Head of Tax Emily Clark have produced the England & Wales chapter for the latest edition of the International Comparative Legal Guides for Alternative Investment Funds.
A regular briefing for the alternative asset management industry.
A regular briefing for the alternative asset management industry.
A regular briefing for the alternative asset management industry.