Angela Phelan Associate
Angela advises clients on the regulation of onshore and offshore investment funds. She has a particular focus on UK authorised funds and providing strategic support on the operation of ESG/sustainable funds for a range of asset managers and strategies.
Angela advises a number of large asset managers and "host" authorised corporate directors on various matters relating to the structure and operation of regulated funds, including: the establishment of umbrella, standalone or sub-fund OEICs and authorised unit trusts (UCITS, NURS and LTAFs); cross-border mergers, domestic schemes of arrangement, fund range rationalisations and repositioning, various changes to fund ranges and terminations. She has experience in large-scale project management, corporate transactions in the financial services sector, regulatory and advisory work, legal drafting and negotiation.
Angela regularly assists authorised fund managers to establish ESG/sustainable and impact funds and prepare associated regulatory disclosures. She has provided client training on the FCA's guiding principles and consumer duty.
Angela also helps clients with ongoing regulatory and compliance matters, including the application of the UCITS directive, AIFMD, MiFID II, the Benchmark Regulation and CASS. She has negotiated fund documentation, including transfers, distribution, private placement, depositary and rebate agreements.
Angela's recent experience includes launching a tax-transparent ACS whose sub-funds are managed to tilt towards a 10% reduction in carbon intensity relative to their referenced benchmarks, launching a charity fund that incorporates ESG considerations into its investment strategies and acting for one of the UK's largest asset managers on the rewrite of their fund documentation.