Alternative Asset Management & Sustainability Insights

In this week's issue of Travers Smith's Alternative Insights, we are looking at transatlantic tax policy and the art of the deal.Links:https://www.traverssmith.com/knowledge/knowledge-container/travers-smiths-alternative-insights-the-impact-of-uk-tax-policy/https://www.traverssmith.com/knowledge/knowledge-container/new-uk-carried-interest-tax-regime-draft-rules-published/https://www.traverssmith.com/knowledge/knowledge-container/new-uk-carried-interest-tax-regime-draft-rules-published/

In June, the UK took the next step in its plan to adopt international sustainability reporting standards for UK businesses, publishing a key consultation document. On the same day, it launched a consultation on how to implement its manifesto commitment to mandate credible, Paris-aligned climate transition plans for FTSE 100 companies and UK-regulated financial services firms, including asset managers.

In this week's issue of Travers Smith's Alternative Insights, we are looking at the impact of Taxing financial services professionals in the UK.Links:https://assets.publishing.service.gov.uk/media/6735f4670b168c11ea82311d/Financial_Services_Growth___Competitveness_Strategy_-_Call_for_Evidence_.pdfhttps://www.reuters.com/world/uk/uk-scrap-non-dom-tax-status-foreign-earnings-2024-03-06/https://www.traverssmith.com/knowledge/knowledge-container/autumn-budget-2024-non-dom-regime/#thechanges2https://on.ft.com/3Ij9PrThttps://www.traverssmith.com/knowledge/knowledge-container/rule-changes-for-european-private-fund-managers/https://obr.uk/docs/dlm_uploads/OBR_Economic_and_fiscal_outlook_Oct_2024.pdfhttps://www.traverssmith.com/knowledge/knowledge-container/government-provides-welcome-update-to-carried-interest-reform-proposals/https://www.ft.com/content/ba781c26-f3f0-4657-bad7-d47337353790https://on.ft.com/4nIgID5

In this week's issue of Travers Smith's Sustainability Insights we are looking at the UK's adoption of ISSB standards.

In this week's issue of Travers Smith's Alternative Insights, we are looking at liquidity routes for portfolio companies before exit.Links:https://www.linkedin.com/posts/travers-smith_assetmanagement-privatecapital-markets-ugcPost-7341038259122126849-K5r1?utm_medium=ios_app&rcm=ACoAAANSBP8B6s50YH7QZ6bxZ_O1alhPfCdpZEM&utm_source=social_share_send&utm_campaign=copy_linkhttps://www.traverssmith.com/knowledge/knowledge-container/pisces-key-questions-answeredhttps://www.gov.uk/government/news/government-goes-further-and-faster-to-boost-capital-markets-by-delivering-pisceshttps://on.ft.com/3FyWeM2

In the fourth Sustainability Exchange of the series, Simon invites Paula Langton, Partner and head of the sustainability practice at Campbell Lutyens and Phil Bartram to unravel the complexities of SFDR classification.Listen now to explore:How Article 8, 9, and 6 classifications truly differ, and why it matters in today’s fundraising climateShifts in LP preferences, regulatory requirements, "sustainability tourists" and the evolution towards long-term value creationNavigating related obstacles and choosing the appropriate sustainability commitments for your investor base

In this week's issue of Travers Smith's Sustainability Insights we are looking at the ongoing review of the SFDR.Links:https://finance.ec.europa.eu/sustainable-finance/disclosures/sustainability-related-disclosure-financial-services-sector_en#:~:text=attracting%20private%20funding%20to%20help%20Europe%20make%20the%20shift%20to%20a%20net%2Dzero%20economy.https://www.traverssmith.com/knowledge/knowledge-container/possible-changes-to-the-eu-sfdr-the-european-commission-seeks-views/https://finance.ec.europa.eu/document/download/0f2cfde1-12b0-4860-b548-0393ac5b592b_en?filename=2023-sfdr-implementation-summary-of-responses_en.pdfhttps://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14666-Revision-of-EU-rules-on-sustainable-finance-disclosure_enhttps://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14666-Revision-of-EU-rules-on-sustainable-finance-disclosure/F3562074_enhttps://uksif.org/uksif-response-eu-commission-sfdr-call-for-evidence/https://finance.ec.europa.eu/publications/categorisation-products-under-sfdr-proposal-platform-sustainable-finance_enhttps://www.traverssmith.com/knowledge/knowledge-container/simplification-or-deregulation-the-eus-sustainability-omnibus-explained/

In this week's issue of Travers Smith's Alternative Insights, we are looking at the rule changes for European private fund managers.Links:The Regulation of Hedge Funds and Private Equity: A Case Study in the Development of the EU’s Regulatory Response to the Financial Crisis by Eilis Ferran :: SSRNFinancial services – review of EU rules on alternative investment fund managersReport on the operation of the alternative investment fund managers directive (AIFMD) – Directive 2011/61/EUKickstart economic growth – The Labour Partye6cd4328-673c-4e7a-8683-f63ffb2cf648_enRegulations for Alternative Investment Fund Managers (Accessible) - GOV.UKCall for Input: Future regulation of alternative fund managersTargeted consultation on integration of EU capital markets 2025 - European CommissionCommission unveils savings and investments union strategy to enhance financial opportunities for EU citizens and businesses - European CommissionThe Draghi report on EU competitiveness

In this week's issue of Travers Smith's Sustainability Insights we are looking at the forthcoming round of sustainability reports for alternative asset managers. Links:https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14666-Revision-of-EU-rules-on-sustainable-finance-disclosure_enhttps://www.gov.uk/government/publications/climate-related-financial-disclosures-for-companies-and-limited-liability-partnerships-llpshttps://www.traverssmith.com/knowledge/knowledge-container/sustainability-disclosure-requirements-sdr-and-investment-labels-the-new-rules/#A2:~:text=section%203%20below.-,Entity%2Dlevel%20disclosures,-Requirements%20on%20UKhttps://assets.bbhub.io/company/sites/60/2021/10/FINAL-2017-TCFD-Report.pdfhttps://www.traverssmith.com/knowledge/knowledge-container/the-clock-stops-but-the-bus-rumbles-on-csrd-omnibus-clears-its-first-hurdle/https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/

In this episode Simon, Trysha Daskam-Smith, Head of ESG Strategy at Silver Regulatory Associates and Michael Raymond delve into pressing issues faced by European fund managers when dealing with US investors amidst the current headlines. Tune in to explore:A nuanced discussion of how the term ESG is perceived across different markets, especially US investors with varied stances in different statesPractical advice on communicating ESG commitments consistently and factually, avoiding political pitfalls while emphasising value creationHow international regulatory standards influence global fund marketing strategies