Funds

The message is clear: an Annex 1 FCA registration is not a substitute for due diligence. Authorized firms still need to exercise robust AML controls.

A growing litigation pipeline around semi-liquid private credit funds is anticipated as liquidity, valuation, and governance mechanisms face pressure.

A carve-out from fund regulations could turn London’s vaulted bullion into real-time digital collateral – if firms can solve the property rights puzzle.

The Swedish FSA had multiple concerns about the company’s operations.

The overlap of levered feeder funds requires careful management of security, capital calls, and cash control, especially when a feeder’s commitment backs the master fund’s borrowing base.

The proposal is potentially good news for affected advisers, but firms should not assume that they will automatically qualify for the new exemption.

The best fund operations models are not about one provider owning everything; they are about clarity: who prepares the work, who reviews it, who approves it, and who makes sure open items get resolved.

The proposal would restore certain CPO and CTA exemptions that were in place until 2012.