Over the past few years investment institutions and asset managers have been swamped with new rules, often with great impact. The introduction of the AIFMD and UCITS directives, PRIPs, EMIR, Solvency II, but also national initiatives, such as the Dutch ban on commission, have prompted restructuring of funds, review of contracts, and adjustment of distribution arrangements. Unfortunately, the new rules do not stand out in terms of clarity and only few (public) positions from the regulatory bodies are available on their interpretation.
Clarity about the new rules and their interpretation is essential to investment institutions and asset managers. They need a partner with great regulatory knowledge and experience. NautaDutilh - traditionally known for its strong regulatory practice - is that partner. We are familiar like no other with the new rules and know their impact on an organisation and products. We think further out. We monitor the development of new rules, give advice on the consequences, and try, where necessary, to influence regulations. Once rules are introduced, we give advice on implementation and compliance, and the impact on our clients' organisations and products. Because of our contacts with the regulatory bodies we keep abreast of the latest interpretations. And we assist our clients in any discussions with regulatory bodies.
NautaDutilh unites regulatory experts, specialists in the fields of capital markets, business law and tax advisers from the Netherlands, Luxembourg and Belgium in its Investment Management Group. A multidisciplinary team with complete knowledge in the field of investment management.
Our wide range of investment management related services include:
- setting up and (re)structuring investment institutions and other pooling structures, both nationally and cross-border
- giving advice on the impact of existing and future regulatory rules
- assisting in filing licence applications
- supervising investment institution IPOs
- negotiating investment management agreements
- supporting discussions with the regulatory bodies, both informally and in court
- promoting the interests of market parties in drawing up new regulations, both on a national and on a European level