by Victoria Smith | 2022-08-16 | Our Thinking
On 25 July 2022, the European Commission (the “Commission”) published the Commission Delegated Regulation (EU) 2022/1288 (the “Regulation”) in the Official Journal, setting out the details of the Regulatory Technical Standards (the “RTS”) relating to the Sustainable...
by Victoria Smith | 2022-08-08 | Our Thinking
summary The Australian Securities and Investments Commission (“ASIC”) released two key materials regarding the licencing and additional requirements for corporate collective investment vehicles (“CCIVs”), effective from 1 June 2022. ASIC initially published CP360:...
by Victoria Smith | 2022-08-04 | Templates & Guidance
Did you know that if you are a fund manager considering raising funds or providing other financial services in Australia, you may qualify for relief as a “Foreign Financial Services Provider” based on your having FCA authorisations? The Australian Securities and...
by Victoria Smith | 2022-08-04 | Our News
At Cleveland & Co we love to celebrate our people and their successes. We’re delighted that Helin Genc, a member of our Legal team, has passed her LPC and is now a step closer to qualifying as a solicitor in England & Wales! To celebrate we sat down and asked...
by Victoria Smith | 2022-08-03 | Our Thinking
On 29 April 2021, the Financial Services Act 2021 (the “FSA 2021”) received Royal Assent. The main purpose of the FSA 2021 is to set forth a regulatory framework for financial services in the United Kingdom (“UK”) fit for today’s world. Following the wave of changes...
by Vicki McEwan | 2022-07-27 | Our Thinking
On 18 July 2022, the Financial Conduct Authority (“FCA”) published its Handbook Notice No.101, addressing the changes to its Handbook (the “Handbook”), along with relevant consultation feedback. The following instruments were introduced on the 23 June and 15 July...
by Victoria Smith | 2022-07-20 | Our Thinking
background The European Commission (“EU Commission”), the European Securities and Market Authority (“ESMA”) and the European Supervisory Authorities (“ESA”) have recently published new (and eagerly anticipated) guidance for fund management companies on...
by Victoria Smith | 2022-07-12 | Our Thinking
On 16 May 2022, the European Parliament issued its draft report (“Report”) on the European Commission’s (“EC”) proposals to amend the existing Alternative Investment Fund Managers Directive (“AIFMD”). The Report, which reflects stakeholder feedback, seeks to align...
by Victoria Smith | 2022-06-30 | Our Thinking
On 16 June 2022, the Full Federal Court of Australia in LCM Funding Pty Ltd v Stanwell Corporation Limited [2022] FCAFC 103 (‘LCM’) held that funded class actions are no longer considered to be managed investment schemes (“MIS”) for the purpose of the Corporations Act...
by Victoria Smith | 2022-06-28 | Our News
Cleveland & Co is a pace setting firm that aims to find new ways to achieve better outcomes for our clients – keeping quality and satisfaction high whilst reducing their costs. In support of that aim we’re delighted to welcome Farzana Huq to the...
