Funds and asset management—general

This Overview provides a guide to the Financial Services content within the Funds and asset management—general subtopic, with links to appropriate materials. This comprehensive sub-topic contains guidance on fund and fund manager regimes, fund structures and fund vehicles, as well as on certain related regulatory regimes that are relevant to funds and fund managers.

Key fund and manager regimes

The main legislative frameworks that apply to EU and UK investment funds and managers are:

•
the Alternative Investment Funds Directive (2011/61/EU) (AIFMD) (and the related optional regimes for European long-term investment funds (ELTIFs), European Social entrepreneurship funds (EuSEFs) and European venture capital funds (EuVECAs)), see Practice Note: AIFMD—essentials and the AIFMD subtopic: AIFMD—overview, and
•
the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive (Directive 2009/65/EU), see Practice Note: Undertakings for Collective Investment in Transferable Securities (UCITS)—essentials and the UCITS subtopic: UCITS—overview

The AIFMD and UCITS regimes were implemented in the UK before Brexit and also consist of EU regulations which have been retained in the UK following Brexit (and subsequent transition period). The above Practice Notes cover the EU and

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Financial Services News

FCA calls for faster bereavement claim processing by life insurers

The Financial Conduct Authority (FCA) has conducted a multi-firm review of life insurers' handling of bereavement claims and the review revealed evidence of good practices, such as firms providing additional support for claimants during their difficult time. However, the FCA also acknowledged that firms can face challenges in obtaining the necessary evidence to assess a claim and has called for firms to improve their handling times for bereavement claims for delivery of positive customer outcomes, in line with the Consumer Duty introduced in July 2023.

FCA updates whistleblowing data for Q3 2024

The Financial Conduct Authority (FCA) has published whistleblowing quarterly data for Q3 2024 and revealed that it has received 322 new whistleblowing reports between July and September 2024, which is an increase from the reports received in the same quarter of 2023, and 253 reports in Q2 2024.

FCA publishes guidance for firms that enables a risk-based approach to payments

The Financial Conduct Authority (FCA) has published final guidance explaining how it expects Payment Service Providers (PSPs) to apply changes introduced by the Payment Services (Amendment) Regulations 2024 which came into force in October 2024. The FCA has also updated its Approach Document which sets out the final guidance.

Financial Services—other developments (22/11/2024)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

View Financial Services by content type :

News