Regulated funds

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  • French withholding tax on distributions to non resident UCITS contrary to EU law Restricted access

    Article

    Submitted: 10 May 2012

    The ECJ has confirmed that French withholding tax levied on foreign UCITS was contrary to the freedom of establishment, since France exempted domestic UCITS from tax, opening the way to claims for repayment by funds located both in and outside the EU.

  • Clarity on Section 2(a)(iii) of the ISDA Master Agreement Restricted access

    Article

    Submitted: 04 April 2012

    Summary points from the English Court of Appeal judgment clarifying issues raised in relation to section 2(a)(iii) of the ISDA Master Agreement.

  • Recovery of overpaid VAT from HMRC by investment manager customers Restricted access

    Article

    Submitted: 06 March 2012

    The High Court has held that a customer overcharged VAT is not able under UK law to recover that VAT from HMRC on the basis of a restitutionary claim, but has deferred decision on whether the EU law right to repayment requires such a restitutionary remedy.

  • Highlights of today's UK Supreme Court decision in Lehman on client money rules Restricted access

    Article

    Submitted: 29 February 2012

    A summary of today's key judgment by the Supreme Court of the United Kingdom on the Financial Service Authority's client money rules and the administration of Lehman Brothers International (Europe).

  • Supreme Court Lehman judgment: an analysis of this important UK client money ruling Restricted access

    Article

    Submitted: 29 February 2012

    A detailed analysis of the key judgment of the Supreme Court of the United Kingdom on the Financial Service Authority's client money rules and the administration of Lehman Brothers International (Europe).

  • French stamp duty increases on share transfers Restricted access

    Article

    Submitted: 25 January 2012

    On 01 January 2012, French stamp duty on transfers of shares in French companies rose significantly. These changes could adversely affect both French and non French funds trading French securities.

  • Feeder NURS: UK FSA publishes consultation Restricted access

    Article

    Submitted: 22 December 2011

    The FSA has published its consultation on the introduction of feeder funds as non-UCITS retail schemes (NURS) in its December 2011 quarterly consultation.

  • Protected Cell Regime: new UK legislation Restricted access

    Article

    Submitted: 22 December 2011

    On 21 December 2011 new legislation came into force permitting the segregation of liability between sub-funds within umbrella OEICs. Apart from some limited exceptions, all UK OEICs have two years to adopt the new rules by amending the terms of their instruments of incorporation and prospectuses to comply with the new legislation.

  • UCITS road map - Executive Summary Restricted access

    General

    Submitted: 16 December 2011

    Introduction to UCITS

  • UCITS - a road map for hedge fund managers Restricted access

    Microsite

    Submitted: 16 December 2011

    This microsite is an in depth guide to the use of UCITS by hedge fund managers seeking a greater understanding of how alternative strategies may be adapted to the UCITS environment.

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