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Asset Management

Proskauer Rose LLP

FinReg Monthly Update - October 2025

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Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK, EU and U.S. financial services regulation....more

Ropes & Gray LLP

Secondaries Q3 2025 Update

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The secondaries market is on track for a record-breaking year, reaching $165 billion in transaction value through Q3 2025, with strong momentum carrying into the final quarter of the year, fueled by rising liquidity needs...more

Cadwalader, Wickersham & Taft LLP

The UK’s Prudential Regulation Authority Publishes Near-Final Rules Affecting Capital Treatments for SRTs

Introduction Under the CRR and as part of the prudential regulation of credit institutions, regulated firms, including banks, must comply with risk-based capital ratio requirements. Generally speaking, this ratio is: (i) the...more

A&O Shearman

UK FCA's Expectations for Transition to T+1 Securities Settlement

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The UK Financial Conduct Authority (FCA) has published a letter addressed to asset management and alternative firms outlining its expectations ahead of the UK's transition from T+2 to a T+1 securities settlement cycle,...more

A&O Shearman

ESMA Final Draft RTS on Open-Ended Loan-Originating Alternative Investment Funds

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The European Securities and Markets Authority (ESMA) has published its final report on the draft regulatory technical standards (RTS) for open-ended loan-originating alternative investment funds (OE LO AIFs), pursuant to the...more

A&O Shearman

A New Era for Italy’s Investment Fund Toolbox – Insights Into the New Draft Legislation

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As part of the implementation of Law no. 21 of March 5, 2024, designed to introduce a systematic review of the regime governing the Italian capital markets (the so-called Capital Market Bill), a draft legislative decree (the...more

Ropes & Gray LLP

FCA Updates Treasury Select Committee on Non-Financial Misconduct: Now is The Time to Take Action

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On October 16, the Financial Conduct Authority (FCA) sent a letter to the Treasury Select Committee providing an update on its approach to non-financial misconduct (NFM) and a response to an earlier letter from the Committee...more

Mayer Brown

FCA Consultation on UK Short Selling Regulation – What Do UK and Non-UK clients Need to Know?

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On 28 October 2025, the FCA announced a consultation on proposed new rules and guidance on short selling. Short selling is the practice of selling a security that is borrowed or not owned by the seller, with the intention...more

Ropes & Gray LLP

NZAM Updates Signatory Requirements and Acknowledges “What Has Always Been the Case”

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On October 29, the Net Zero Asset Managers (NZAM) initiative announced the completion of its comprehensive review, which it publicized in January of this year, to ensure that NZAM “remain[ed] fit for purpose in the new global...more

Jones Day

Real Insight | Issue 2 2025

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INTRODUCTION - Welcome to the second edition of Real Insight, our UK real estate update. It's jam-packed with the Renters' Rights Act, real estate debt, W&I insurance, trends in real estate asset management M&As, data...more

DLA Piper

Key Takeaways From the 2025 Private Credit Connect: East Conference

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The 2025 Private Credit Connect: East conference brought together key players from across the private credit landscape – including investors, banks, non-bank lenders, and service providers – for an opportunity to network and...more

Ropes & Gray LLP

[Podcast] Non-Financial Misconduct Miniseries: Episode 1 - Navigating the FCA's Regulatory Framework

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In the inaugural episode of Ropes & Gray’s Non-Financial Misconduct four-part miniseries, Amanda Raad, co-chair of the firm’s global anti-corruption & international risk practice, is joined by asset management partner Eve...more

McDermott Will & Schulte

[Webinar] Deal Academy: Contract and financing arrangements in the current real estate market - October 29th, 9:30 am CET

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We are delighted to welcome you to our McDermott Deal Academy. In our online seminar, we will focus on current contract and financing structures in the real estate market....more

Conyers

Guide: BVI Approved Managers

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This guide provides a brief overview of the Approved Investment Manager regime established under the Investment Business (Approved Managers) Regulations (the “Approved Manager Regulations”) enacted under the Securities and...more

Poyner Spruill LLP

AI Innovation Act Would Bring New Era to Financial Services Industry

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Earlier this year, the Unleashing AI Innovation in Financial Services Act was introduced to Congress to accelerate responsible AI experimentation. The bill would establish AI Innovation Labs to serve as regulatory sandboxes,...more

Bowditch & Dewey

8 Estate Planning Considerations

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The idea of visiting an attorney for your estate planning can be daunting. Below is a list of to-do items or at least items to think about before your visit....more

King & Spalding

The Capital Market Authority Introduces a New Category of Funds in Saudi Arabia

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On 7 October 2025, the Capital Market Authority (CMA) of Saudi Arabia issued the Draft Instructions of Simplified Investment Funds and proposed amendments to the Glossary of Defined Terms Used in The Regulations and Rules of...more

Katten Muchin Rosenman LLP

FCA Consults on Fund Tokenisation and Direct Dealing

On 14 October 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/28) setting out proposals to advance fund tokenisation through new direct dealing arrangements, and guidance on distributed ledger...more

Walkers

Irish Quarterly Legal and Regulatory report: July - September 2025

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Welcome to the July - September 2025 issue of our Irish Quarterly Legal and Regulatory report for asset management and investment funds. This quarterly report covers key developments from Q3 2025, including: Central...more

Skadden, Arps, Slate, Meagher & Flom LLP

Glass Lewis To End Benchmark Proxy Voting Policy: What Companies Should Know

Major proxy advisory firm Glass Lewis announced that it will stop offering its standard benchmark proxy voting guidelines in 2027, and transition clients to differentiated client frameworks. Glass Lewis’ change comes amid a...more

Cadwalader, Wickersham & Taft LLP

S'More SMA, October 2025 - In Our SMA Era

SMAs are hot in 2025.  One of the busiest aspects of our practice this year across many of our lender clients has been subscription facilities for separately managed accounts (“SMAs”).  While these deals have been an...more

Morgan Lewis

Fall 2025 ESG Investing Quarterly Update

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From sweeping state laws restricting ESG-related investment practices and disclosure mandates to efforts by the US administration to dismantle prior federal guidance, the ESG investing landscape is rapidly evolving in both...more

Ropes & Gray LLP

[Podcast] Fully Invested: The Rise of CITs – Why They’re a Compelling Path for Asset Managers Entering the 401(k) Plan and Retail...

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On this episode of Fully Invested, asset management partners, Eric Requenez and Jessica Reece, along with Josh Lichtenstein, a benefits partner and head of the ERISA fiduciary practice, discuss collective investment trusts...more

Walkers

Lowering barriers, lifting potential: Guernsey's next step in Private Investment Fund innovation

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Expanded access for family offices: Guernsey now allows fiduciary firms to act as a Designated Administrator of a Family PIF under a new limited POI licence, broadening access for family offices seeking regulated structures. ...more

Morgan Lewis

California Market-Based Sourcing Regulation Impacts Asset Managers and Taxpayers with Receipts from Services and Intangibles

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After nearly a decade of development, the California Franchise Tax Board promulgated changes to its market-based sourcing regulation for sales of other than tangible personal property. The amended regulation is particularly...more

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