As midyear approaches, Asian managers must prepare not only for
a strong close to the calendar year, but for various regulatory
uncertainties that may impact their operations. Given the global
footprint most managers maintain today, regional executives need a
clear grasp on how European-based regulation may alter fund
distribution. In particular they should watch two upcoming
regulatory events: The European Union (EU)'s Undertakings for
Collective Investment in Transferable Securities V (Ucits V); and
the European Securities and Markets Authority's pending
decision on marketing passport availability for non-EU
managers.
Without question, these events will directly affect Asia-based
managers who have already adopted EU fund structures, such as Ucits
and the Alternative Investment Fund Managers Directive (AIFMD), as
a means to invest in new markets. This is not by accident. Ucits
stands out as a predominant global brand for investing in equities
and bond markets and
