On 15 December 2025, the UK Government published the final text of the secondary legislation (and accompanying explanatory memorandum) that brings cryptoassets activities within the scope of the UK regulatory perimeter....more
2/12/2026
/ Blockchain ,
Cross-Border Transactions ,
Crypto Exchanges ,
Cryptoassets ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
FinTech ,
Investment Management ,
New Legislation ,
Popular ,
Private Funds ,
Regulatory Oversight ,
Regulatory Reform ,
Stablecoins ,
UK
Die Ankündigung einer europäischen Rechtsform („EU Inc.“) ist nicht nur ein Meilenstein im Gesellschaftsrecht, sondern auch ein starkes Signal für das Finanzdienstleistungs- und FinTech-Ökosystem....more
1/21/2026
/ Business Entities ,
Business Formation ,
Capital Markets ,
Capital Raising ,
Corporate Governance ,
Corporate Law Departments ,
Cross-Border Transactions ,
EU ,
European Commission ,
Financial Services Industry ,
FinTech ,
Investment ,
Member State ,
New Legislation ,
Regulatory Reform ,
Small and Medium-Sized Enterprises (SMEs) ,
Startups
AIFMD 2 introduces a new loan-origination regime, with general rules applicable to all AIFs that originate loans, and more stringent requirements applicable to AIFs that qualify as loan-originating AIFs....more
1/19/2026
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Alternative Investment Funds ,
Asset Management ,
Compliance Dates ,
Disclosure Requirements ,
EU ,
EU Directive ,
European Securities and Markets Authority (ESMA) ,
Fund Managers ,
Investment Funds ,
Liquidity ,
Liquidity Management ,
Loans ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management
The private fund management sector will face unprecedented regulatory change in the UK in 2026 as new rules and regulations are introduced, which are designed to promote competition and growth, whilst supporting financial...more
1/15/2026
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Corporate Governance ,
Digital Assets ,
EU ,
Financial Conduct Authority (FCA) ,
Fund Managers ,
Investment Funds ,
Investment Management ,
Private Funds ,
Prudential Regulation Authority (PRA) ,
Registration Requirement ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Sustainability ,
UK
In this alert, we assess the impact of the proposed amendments to the EU securitization framework (which we discussed in detail in our previous article) on EU banks’ ability to reduce capital requirements using significant...more
10/20/2025
/ Asset-Backed Securities ,
Banking Sector ,
Capital Markets ,
Capital Requirements Regulation (CRR) ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
Financial Institutions ,
Insurance Industry ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Securitization
The third quarter of 2025 marks greater coordination between the European Union and United Kingdom on sanctions, specifically with respect to lowering the price cap on Russian oil, broadening the range of targeted individuals...more
9/22/2025
/ Belarus ,
Cryptocurrency ,
Economic Sanctions ,
Energy Sector ,
Enforcement Actions ,
EU ,
European Commission ,
Export Controls ,
International Trade ,
Iran ,
Libya ,
Oil & Gas ,
Popular ,
Russia ,
UK
On 22 July 2025, the UK Government announced a set of targeted reforms to the National Security and Investment Act 2021 (NSI Act) and launched a consultation into proposed further changes. Alongside the reforms, the 2024-25...more
Vlad Maly and Michal Chajdukowski present the key takeaways from a package of amendments to the existing EU securitization framework, published by the European Commission on June 17, 2025.
The proposals aim at...more
7/18/2025
/ Banking Sector ,
Capital Requirements ,
Capital Requirements Regulation (CRR) ,
EU ,
Financial Markets ,
Financial Regulatory Reform ,
Investment ,
Proposed Amendments ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Securitization
In the second quarter of 2025, EU and UK sanctions policy continued to take shape against a complex and shifting geopolitical backdrop. The European Union sharpened its focus on Russia’s ‘shadow fleet’ by proposing new...more
What’s New? The European Union and the United Kingdom remain committed “to keep up the pressure on the Kremlin” by way of imposing further sanctions as Russia’s illegal invasion of Ukraine enters the fourth year. Within a...more
2/28/2025
/ Belarus ,
Compliance ,
Economic Sanctions ,
EU ,
European Commission ,
Export Controls ,
Reporting Requirements ,
Russia ,
Sanctions ,
Syria ,
UK
In this alert, we present the key lessons to be learned from the U.S. Securities and Exchange Commission’s (the SEC) settlement with Sound Point Capital Management, LP (Sound Point), and discuss whether a similar enforcement...more
2/13/2025
/ Collateralized Loan Obligations ,
Compliance ,
Enforcement Actions ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Financial Conduct Authority (FCA) ,
Fund Managers ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Lenders ,
Market Abuse ,
Material Nonpublic Information ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Settlement ,
UK
On December 4, 2024, EU Regulation 2024/2987 (EMIR 3), amending EU Regulation 648/2012 on the European Market Infrastructure (EMIR), was published in the EU Official Journal. EMIR 3 will enter into force on December 24, 2024,...more
With the introduction of the 14th sanctions package, entities established in the European Union are required to ‘undertake their best efforts to ensure’ that non-EU subsidiaries they own or control do not undermine EU...more
12/2/2024
/ Belarus ,
Corporate Governance ,
Economic Sanctions ,
EU ,
Investment ,
Investment Funds ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Russia ,
Sanctions
Although the European Union and the United Kingdom did not introduce new sanctions against Russia over the summer, they extensively focused on the implementation of the existing measures and their enforcement. This week,...more
10/8/2024
/ Court of Justice of the European Union (CJEU) ,
Due Diligence ,
Economic Sanctions ,
Enforcement Actions ,
EU ,
European Commission ,
Evasion ,
Frozen Assets ,
Licensing Rules ,
Penalties ,
Reporting Requirements ,
Russia ,
Sanction Violations ,
UK ,
Ukraine
On September 30, 2024, the revised Schedule 13G filing deadlines became effective. In this article, we provide an overview of the new regime and provide a comparison with the corresponding notification deadlines in the EU and...more
10/2/2024
/ Beneficial Owner ,
EU ,
Filing Deadlines ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Schedule 13G ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Regulation ,
UK
On June 24, 2024, the European Union adopted its 14th sanctions package (implemented by EU Regulations 2024/1745 and 2024/1739). While the focus of this package was to curb the violation and circumvention of sanctions through...more
7/8/2024
/ Asset Freeze ,
Divestment ,
Energy Sector ,
Enforcement ,
EU ,
Exports ,
Financial Services Industry ,
Russia ,
Sanctions ,
Transportation Industry ,
UK ,
Ukraine
From June 20, 2024, EU companies with a presence in Russia will no longer be able to rely on the “partner countries” exemption and will be required to obtain, or rely on, a licence to provide business services and/or software...more
6/7/2024
/ Economic Sanctions ,
EU ,
France ,
General Licenses ,
Germany ,
Italy ,
Member State ,
Russia ,
Sanctions ,
Technology Sector ,
UK ,
Ukraine
The following is a brief update on significant changes to the United Kingdom’s securitisation framework following publication of the final revised securitisation rules by the Financial Conduct Authority (FCA) and the...more
The European Union and the United Kingdom continue to tighten sanctions against Russia, particularly in the wake of the second anniversary of Russia’s invasion of Ukraine and the sudden death of Russian opposition leader...more
4/8/2024
/ Asset Freeze ,
Economic Sanctions ,
EU ,
Foreign Policy ,
Imports ,
International Trade ,
Popular ,
Russia ,
Sanctions ,
UK ,
Ukraine
By 31 January 2024, as part of the Carbon Border Adjustment Mechanism, importers of cement, iron and steel, aluminium, fertilisers and hydrogen must report to the European Commission the embedded carbon emissions relating to...more