Fund managers & depositaries
The regulatory landscape for investment funds is becoming increasingly complex. With the tax and operating framework constantly changing and increasing regulation of the sector (particularly with the forthcoming implementation of the EU’s Alternative Fund Managers Directive) bringing greater scrutiny, fund managers need lawyers who have a broad understanding of funds and other investment structures who are immersed in the regulatory developments and will help them plan and prepare for the impact the changes will have on their business.
Our investment funds’ specialists form part of the Speechly Bircham Financial services team. Members of the team have been described in the legal directories as being “experienced and practical” and “accessible, responsive and very knowledgeable”. The team is one of the largest in the City of London focusing on investment funds and structures, with every member bringing extensive experience and in-depth understanding of the regulatory environment in which investment managers operate.
Our team has an outstanding reputation in the sector. As well as regular seminars examining key issues impacting on the sector, we host quarterly round table lunches with the key depositaries, and regularly contribute to the debate and developments in the sector.
Typical fund structures we advise on:
| Fund type |
UK Offshore Listed/unlisted |
| Regulatory status |
UCITS/non-UCITS retail schemes Qualified investor schemes Unauthorised funds |
| Fund vehicle |
Companies Investment trusts OEICs Common investment trusts Unit trusts Limited partnerships/LLPs |
| Asset class |
Property Private equity Transferable securities Derivatives Commodities Debt Alternative (eg intellectual property, art, musical instruments) |
Advice is provided from initial tax and operational structuring, through establishment, regulatory approvals and any listing to restructuring and winding up.