BrickVest has received authorisation from the Autorité des Marchés Financiers (AMF) to operate its investment management platforms from Nice with additional offices in Paris and Berlin. This will enable the company to continue providing real estate investment management and liquidity services to its European clients post-Brexit.
Legal & Regulation
Two-thirds of alternative investment fund managers predict a rise in regulatory arbitrage between EU member states
Over two-thirds (67 per cent) of alternative investment fund managers believe the prospect of regulatory arbitrage between European Union member states seeking to attract business is likely to grow over the next two years, according to a new study.
The Australian government’s proposed new Corporate Collective Investment Vehicle (CCIV) bill is unlikely to be taken up in earnest by unlisted property funds due to several restrictions and compliance demands, according to the Property Funds Association (PFA) which represents the AUD125 billion unlisted wholesale and retail property funds sector.
JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance and is now able to offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg, including depositary of assets other than financial instruments.
The FCA has taken the extraordinary step of scrutinising open-ended physical property funds on a daily basis, as the sector continues to suffer sharp withdrawals. A long-term critic of the open-ended property fund structure, Marc Haynes – Head of Institutional Business, EMEA, Cohen & Steers – reacts to the latest development…
Recent changes to Land and Buildings Transaction Tax (LBTT) came into force in Scotland on Friday 25 January, bringing with them unintended consequences for investors keen to snap up Scottish property, according to JLL.
BRE Global Ireland has received confirmation that it has completed the European Union’s process to operate as a Notified Body and a Technical Assessment Body by achieving accreditation from the Irish National Accreditation Board (INAB) in Ireland.
Legal & General’s subsidiary Legal & General Affordable Homes Limited, launched in April 2018, has been granted Registered Provider (RP) status.
Luxembourg continues to see net inflows of capital and is now the world’s second largest fund centre with, as of August 2018, EUR4.3 trillion worth of net assets under management, and this only in regulated funds, according to the Association of the Luxembourg Fund Industry (ALFI).
By Anne-Gaëlle Delabye & Tara Kapur – Non-EU managers seeking access to European capital are more frequently looking to Luxembourg parallel structures due, in part, to their flexibility and the features that the Luxembourg limited partnerships share with the Anglo-Saxon model. Ogier’s Luxembourg investment funds team – working in partnership with our teams in the BVI, Cayman and Hong Kong – have extensive experience of structuring parallel funds for clients in the US and Asia.