The initial brief was to provide a comparison between the regulatory environments in the UK, Dublin and Luxembourg. That work developed into a request for advice on the strategic considerations of whether to establish a separate new UK fund or to look to obtain recognition for an existing non-EEA fund. Our work involved assessing target clients, target operating models, the medium to long term strategic objectives of the client and the seeking on a no names basis the views of the regulator in their home jurisdiction to this diversification of the client’s business. Ultimately the client determined that the UK was the appropriate environment and we assisted them in achieving FCA recognition for a UK-specific sub-fund of their leading non-EEA fund.
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This briefing note is intended to act as general guidance and is not intended to offer specific legal advice. Merlys is very happy to assist you with any aspect of the content in this article, as it relates to your business.
Contact Verena Charvet as above or call us at Merlys on +44(0) 20 7821 5395
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