Regulated funds and UCITS

We act for a substantial number of investment fund and financial product providers, including stand-alone fund management houses and the investment arms of integrated houses. We also advise depositaries, custodians and administrators.

We work on all types of regulated funds, (UCITS, Non-UCITS and Qualified Investor Schemes) as well as Property Authorised Investment Funds (PAIFs), Funds of Alternative Investment Funds (FAIFs) and Charity Authorised Investment Funds (CAIFs).

We support clients with:

  • the formation of new regulated funds (unit trusts, OEICs and ACSs);
  • product design, including firms both in the traditional long only area and in alternatives to explore the potential of "liquid alternative" funds;
  • on-going changes to fund ranges including mergers, changes to investment policies, changes to service providers and terminations;
  • the migration and amalgamation of funds between different jurisdictions;
  • marketing and distribution advice including cross-border registration of UCITS funds both into the UK and other Member States of the EEA, AIFMD notifications and reviewing distribution and platform agreements;
  • preparing and negotiating fund management agreements;
  • reviewing and negotiating service provider agreements such as depositary and custody agreements, administration agreements, and hosting or sponsorship agreements;
  • amending fund documentation in preparation for regulatory changes such as MiFID II; and
  • all related regulatory matters such as conduct of business rules, CASS, regulatory capital, RDR, UCITS V and VI, AIFMD, remuneration, PRIIPs, conduct risk, client and product documentation, general commercial / contractual matters (including GDPR) and outsourcing.

What people are saying

Next

""The depth of knowledge of the team is without equal, in our opinion. However, importantly, it is the manner in which the advice is delivered which is another key aspect for us. The team are great people to work with. Some of us have worked with the team for more than twenty years.""

The UK Legal 500 2021

""The team are approachable, responsive and offer commercial advice. They take a proactive approach and will personally reach out to clients to ensure that they are informed of all relevant legal and regulatory developments.""

The UK Legal 500 2021