U.K. May Propose Register of Non-U.K. Companies
On April 5, 2017, the U.K. Department for Business, Energy & Industrial Strategy issued a call for evidence for a register in Companies House of non-U.K. companies that own or buy property in the United Kingdom or that participate in U.K. government procurement. Responses are due by May 15, 2017. A register of foreign companies... Read more »
U.K. Further Implements MIFID II
In March, the U.K. issued the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2017 (2017/488) (the “Order 1”) and the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2017 (2017/500) (the “Order 2”), implementing part of MIFID II. which is the European Union’s update of regulation of the financial services... Read more »
New Law on Private Fund Limited Partnerships in the U.K.
On April 6, 2017, the Legislative Reform (Private Fund Limited Partnerships) Order 2017 (the “Order”) went into affect, amending the U.K. Limited Partnerships Act. The Order creates a new category of limited partnership, the private fund limited partnership (the “PFLP”). A PFLP application must include confirmation by the general partner that the “private fund conditions”... Read more »
New “Special Study” of the Securities Market by Columbia Law and Business Schools
Columbia University Law and Business Schools announced that they will jointly carry out a new “Special Study” of the U.S. securities markets under a grant from the NASDAQ Educational Foundation. The prior “Special Study” was published in 1963, and resulted in a number of significant changes in securities regulation, so there is some interest in... Read more »