AIMA Journals
June 28, 2023
Changes to the EU landscape for private credit funds in the EU
Contributors: Marianna Tothova, Philippa List.
Members of Dechert's financial services and investment management team discuss the introduction of specific rules to regulate alternative investment funds (AIFs) that originate loans by way of amendments to the alternative investment fund managers directive (the amended directive commonly referred to as AIFMD 2.0).
Read the article here.
For access to the journal, please visit AIMA Journal webpage.
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The SEC’s Private Fund Adviser Rules: Key considerations for non-US managers
Contributors: Karen Anderberg, Laurel Neale.
Members of Dechert's financial services and investment management team discuss the new rules introduced by the US Securities and Exchange Commission (SEC) on August 23, 2023, that will significantly reform the scope of reporting, disclosure and other obligations imposed on investment advisers to private funds (Private Fund Advisers).
Read the article here.
For access to the journal, please visit AIMA Journal webpage.
FCA issues final rules for marketing cryptoassets in the UK
Contributors: Richard Frase, Simon Wright.
Members of Dechert's team discuss the UK Financial Conduct Authority's (FCA) final policy statement issued on June 8, 2023, which outlines rules for marketing cryptoassets, treating them as "restricted mass market investments" and setting guidelines for fair, clear, and non-misleading promotions, effective from October 8, 2023.
Read the article here.
AIFMD 2.0 - The negotiations begin
Contributors: Angelo Lercara, Patrick Gobel, Colin Sharpsmith, Philippa List.
Members of Dechert's financial services and investment management team discuss the European Commission’s proposal to review the Alternative Investment Fund Managers Directive (AIFMD). The proposed changes include new provisions related to loan origination funds, liquidity risk management, depository services and reporting.
Read the article here.
ELTIF 2.0: A step towards true democratization of European private funds - 133 Edition
Contributors: Matthias Kerbusch, Marianna Tothova, Philippa List.
Members of Dechert's financial services and investment management team discuss the amendments to the European Long-Term Investment Funds (ELTIFs) Regulation, and the impact it may have moving forward.
Read the article here.
Side letter terms - 132 Edition
Contributors: Craig Borthwick, Dona Treska.
Dechert’s Financial Services team published an article titled “Side letter terms” in AIMA Journal 132 edition. In this article, the authors explore the key terms and points when negotiating side letters with investors.
Read the article here.
HMRC guidance boosts the case for credit funds QAHCs - 131 Edition
Contributors: Mark Stapleton, Daniel Hawthorne, Nicolas Kokkinos.
Dechert's Tax team discusses the new guidance issued by HMRC related to the qualifying asset holding company (QAHC).
Read the article here.
Luxembourg: The new securitisation regime offers more flexibility and new opportunities - 130 Edition
Contributors: Jean-Louis Frognet, Olivier Gaston Braud, Marc Seimetz, Marianna Tothova, Thomas Tomasic.
Dechert's Financial Services team explore Luxembourg's amended law intended to increase the appeal of securitisation vehicles and bring new opportunities to the Luxembourg financial services industry.
Read the article here.
German Regulatory Framework for Market Participants in Crypto Assets - 129 Edition
Contributors: Hans Stamm, Matthias Meinert.
Dechert’s Financial Services team published an article titled “German Regulatory Framework for Market Participants in Crypto Assets” in AIMA Journal 129 edition. In this article, the authors explore the Federal Financial Supervisory Authority’s (BaFin) regulatory principles with regard to crypto assets and the associated services under German law.
Read the full article here.
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