Julian Brown

Partner, Eversheds Sutherland

Julian undertakes a broad range of financial services work, including the formation and regulation of collective investment schemes, regulatory work for fund management clients, and related company and commercial work.

His experience includes unit trust and open-ended investment company launches and complex reorganisations, detailed regulatory advice, financial promotion and custody issues, and offshore closed-ended fund projects. Julian has also been closely involved in the establishment of investment fund supermarkets and other related `multi-manager` external fund link arrangements.

Contributed to

2

Side pockets for FCA authorised funds

Practice notes

This Practice Note covers the Financial Conduct Authority (FCA)’s regime that enables authorised funds to use side pockets for assets affected by the Russian invasion of Ukraine and the resulting sanctions. In particular, it sets out questions and answers relating to this regime, among other, on: scope; initial considerations; impact on investors; cost considerations; alternatives; changes to the FCA’s proposed rules; and any further FCA guidance relating to side pockets and managing side pockets.

Financial Services

Other work

FCA policy statement on long term assets funds (LTAFs)

Financial Services analysis: Michaela Walker, partner, Julian Brown, partner, Mark Latimour, partner and Gareth Collins, associate, of Eversheds Sutherland LLP analyse the Financial Conduct Authority’s (FCA’s) policy statement on the new UK Long Term Asset Fund (LTAF), including governance and disclosure, purpose, investment powers and restrictions, valuation, redemptions and distribution.