Summary

Welcome to our Funds First Update.  Whilst a lot of focus at present is on Brexit and the uncertainties surrounding that process, there have been a great many other developments in the past few months that are of relevance to the fund management sector.  What follows is an overview of some of the main developments and upcoming changes that we think will be of impact to fund managers, fund investors and to the funds sector as a whole.

This briefing is set out in four sections: an overview of the current market trends; a summary of some of the most recent regulatory developments; other key hot topics (including developments on tax and ESG); and a brief look at some of the other key developments to look out for in 2019 and 2020. For some of the topics covered we have highlighted action points.

If you are interested in developments across the broader financial services sector, please also see our 2019 Emerging Themes publication.  Our theme this year is New Perspectives, recognising that many of our clients are having to look at their industry, and the world at large, from new angles. Our Emerging Themes publication covers a number of areas that are likely to be of particular interest to managers, including articles on running internal investigations; AML supervision; managing data breaches, and the FCA’s continued focus on culture within firms.  

We will shortly be sending invitations to our next Funds First Seminar.  Please do get in touch with us (on corporate.marketing@bclplaw.com) if you are not sure whether you are on our invitation list, or you have a colleague who would like to be added.

Please feel free to call any of the BCLP Investment Management team or your usual BCLP contact if you would like to discuss any of the issues raised in this briefing in more detail, including how they may apply to your specific fund structures, business and planning.

View our full briefing here.