Richard Frase

Richard Frase

Dechert LLP

Contact  |  View Bio  |  RSS

Latest Publications

Share:

Application of the European Market Infrastructure Regulation to Alternative Investment Fund Managers

European investment managers of non-UCITs funds will have to be authorised as an alternative investment fund manager (known as an “AIFM” under AIFMD) under the Alternative Investment Fund Managers Directive (“AIFMD”) from 22...more

7/12/2014 - AIFM AIFMD CCPs CTFC Derivatives Dispute Resolution EMIR ESMA EU FCA Fund Managers FX Forwards Investment Portfolios ISDA Legal Entity Identifiers Nasdaq OTC Risk Mitigation Swaps Trade Repositories Unique Trade Identifier

No KIIDing - Hefty Fine from UK Regulator Underlines Importance of Compliance by UCITS

A fine of over £18 million was recently imposed by the UK regulatory body, the Financial Conduct Authority (the “FCA”), on a fund manager for a range of compliance breaches, including failing to ensure that its KIIDs were...more

6/7/2014 - Asset Management Compliance Derivatives EU Financial Conduct Authority Fines Investment Funds Investors KIID Popular SRRI UCITS UK

Reform of the Derivative Markets in the European Union

The phased-in implementation of the European Market Infrastructure Regulation1 (EMIR), the European Union’s wide-ranging reform of its derivative markets, is due to continue throughout 2014. Risk mitigation rules were...more

3/27/2014 - AIFM AIFMD Derivatives EMIR EU Financial Regulatory Reform UCITS

EMIR FX Forward Reporting Delayed as ESMA Asks European Commission to Clarify Derivatives Definition

There has been another very significant twist in the somewhat chaotic implementation of the European Market Infrastructure Regulation (EMIR) as the European Securities and Markets Authority (ESMA) has today requested the...more

2/14/2014 - Derivatives EMIR ESMA EU European Commission

ISDA Adopts Model Arbitration Clauses for Use with ISDA Master Agreements

Following extensive consultation with its members, in September 2013 the International Swaps and Derivatives Association (“ISDA”) published seven model international arbitration clauses (the “Model Arbitration Clauses”) for...more

10/23/2013 - Arbitration Cross-Border ISDA OTC Swaps

Update on UK and European Regulatory Developments - October 2013

The latest edition of Financial Services Europe and International Update from Dechert’s Financial Services Practice covers the most recent regulatory developments. In This Issue: - Part A – Regulation of Financial...more

10/21/2013 - AIFMD Cross-Border Transactions Dodd-Frank ESMA FATCA FCA Financial Markets Financial Transaction Tax Investment Management Mandatory Clearing Requirements MiFID Money Market Funds OTC REIT Swaps Trade Market Abuse

Financial Conduct Authority Guidance on AIFM Directive Remuneration Provisions

The UK Financial Conduct Authority (FCA) released proposed guidance on 6 September 2013 on its implementation of the remuneration provisions in the AIFM Directive (the AIFM Remuneration Code) for UK alternative investment...more

10/17/2013 - AIFM AIFMD ESMA EU FCA Remuneration UCITS UK

Forthcoming Rules Under EMIR on Dispute Resolution and Portfolio Reconciliation

The European Commission’s regulation on clearing of OTC derivatives (EMIR) requires counterparties to OTC derivative contracts that are not cleared by a central counterparty to mitigate their trading risks by using a number...more

8/28/2013 - Derivatives EMIR EU European Commission Financial Conduct Authority ISDA OTC Portfolio Compression Portfolio Reconciliation Risk Mitigation

New Deadline set for FCA Applications for New Permissions under the Alternative Investment Fund Managers Directive

UK asset managers may have understood that they had until July 2014 to apply to become Alternative Investment Fund Managers (AIFMs) under the AIFM Directive (AIFMD). However, in a recent statement, the UK Financial Conduct...more

8/23/2013 - AIFM AIFMD Applications EU FCA Fund Managers UK

FCA Publishes Final Rules and Guidance to Implement AIFM Directive

The UK Financial Conduct Authority (FCA) published its Policy Statement 13/5 on 28 June 2013, containing its (substantially) final rules and guidance to implement the Alternative Investment Fund Managers Directive...more

7/1/2013 - AIFM AIFMD Alternative Investment Funds ESMA False Claims Act Investors

Financial Services – Update on UK and European Regulatory Developments - May 2013

This update summarises current regulatory developments impacting the asset management sector in the UK and throughout the European Union. In this issue: - Part A – Regulation of Financial Markets - Part B –...more

5/10/2013 - AIFMD Asset Management ESMA EU Financial Conduct Authority OTC UCITS

Monitoring and Recording Telephone Calls in the United Kingdom

It is widely (and incorrectly!) believed that it is unlawful in the UK in any circumstances to monitor and record telephone calls without drawing this to the attention of the parties to the call. There are in fact broad...more

5/2/2013 - Audio Recording Data Protection EU Private Communications Telecommunications Transmission Lines

Financial Services Quarterly Report - First Quarter 2013: The Role of the Depositary Under the AIFM Directive

The Alternative Investment Fund Managers Directive (the “AIFM Directive”) requires that private funds appoint a “depositary”. To date, there has been no cross-border regulatory requirement for hedge or other private funds to...more

3/28/2013 - AIFM AIFMD Cross-Border Depositary EU European Commission Hedge Funds

13 Results
|
View per page
Page: of 1