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FCA publishes final report on competition in UK asset management

The Financial Conduct Authority (“FCA”) published today its final report on its asset management market study.

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The AIFMD Third Country Passport – An Update

Practices: Asset Management

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The European Securities and Markets Authority published on 19 July 2016 its final advice to the European Commission on the extension of the marketing passport under the Alternative Investment Fund Managers Directive to 12 non-EEA countries, including the United States. This Alert considers the opportunities available to managers under the marketing passport, and the implications of obtaining it.

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