15 · Regulation & compliance · AMF · CSSF · SEC
Asset management regulation
What assistance changes in this practice, what it does not change, and the time reduction actually observed.
Where the gain is real
Review of compliance programmes, preparation of examination files, checking of marketing materials and regulatory filings.
Where it is slight or nil
Meetings with the regulator, the decision to self-report, settlement.
Observed time
−54% at constant case scope, on cases closed over the last three financial years. This measure says nothing about the quality of the outcome.
What the practice covers
- Manager authorisation, exemptions and ongoing compliance programmes
- Examination preparation, response and management
- Enforcement defence and regulatory investigations
- Analysis of vehicle status under registered fund regimes
- Design, review and testing of compliance arrangements
- Marketing: advertising materials and distribution rules
- Periodic regulatory filings and reporting to the authorities
- Cross-border registration of non-EU managers