Publication
Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
FCA publishes policy statement on broadening retail access to long-term asset fund
United Kingdom | Publication | July 2023
On June 29, 2023, the FCA published a policy statement on broadening the range of investor access to the long-term asset fund (LTAF) and setting out final rules to give retail investors and more DC pension schemes access to LTAFs. LTAFs are a new category of investment fund providing investor access to long-term illiquid assets such as venture capital, real estate and infrastructure. Previously, access was limited to DB schemes and the default arrangement within qualifying DC schemes.
The final rules came into force of July 3, 2023, and subject LTAFs to additional protections under the FCA's high risk investment framework.
The FCA is seeking views by August 10, 2023, on whether the protections of the Financial Services Compensation Scheme (FSCS) should be available for LTAFs. The FCA wishes to establish a clear position on this before LTAFs are launched to retail consumers, and if it decides to take this forward will consult quickly on the scope of FSCS protection for LTAFs.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Marine Money Week New York 2025
We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
Publication
The parallel imposition requirement in exclusive distribution systems: key takeaways from the CJEU’s ruling in Beevers Kaas
On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
Subscribe and stay up to date with the latest legal news, information and events . . .