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Bill Prew B. G., Opalesque Geneva: Whether there is a hard or a soft Brexit, the UK and the EU have over the last six months taken a lot of steps that will mean, for many in the alternative funds industry, that it will largely be business as usual in terms of distribution, according to Bill Prew, CEO/founder at Indos Financial.
Last October, the UK made amendments to the existing UK AIFMD and UCITS legislation. These amendments mean it will be business as usual from a UK regulatory perspective for UK managers running such funds.
Non-EU funds
UK managers running non-EU funds, which is a good proportion of all UK-based alternative managers, will be able to continue to market their funds through private placement regimes.
"It is possible that some European countries might wish to change their private placement regime, which would mean that non-EU managers would be impacted in the way they market their products across EU countries, but there hasn't been any noise to that effect," says Bill Prew.
It's not just a UK matter, he continues. There is little incentive for other EU countries to change their private placement regime just because of Brexit, as it would impact a much bigger population of managers across the world. There should not be any ch...................... To view our full article Click here
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