In February 2016, the Directive 2016/97 of the European Parliament and of the Council (Insurance Distribution Directive) entered into force, replacing the previous Directive 2002/92/EC on insurance mediation.

For larger participation of new category of overseas investor i.e. Qualified Foreign Investors ("QFIs") to invest in Indian Secondary Market, both Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) has issued guidelines allowing overseas individual investors to invest up to $1 billion in corporate bonds and debt schemes of mutual funds without any lock-in period or residual maturity clause. RBI vide RBI/2012-13/134 A. P. (DIR Series) Circular No. 7 dated 16th July, 201

Securities Exchange Board of India ("SEBI") issued a circular "Safer participation of retail investors in algorithmic trading" dated February 04, 2025, which aimed at ensuring safer participation of retail investors...

The Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993 ("PMS Regulations 1993") came into effect on January 7, 1993.

Any time an organization runs into a problem, the board of directors is the center of attention.

The Senate this week overwhelmingly approved legislation to address the opioid crisis, and now Congress is racing to cobble together a final measure that could pass before the midterm elections in November.

The next work period basically runs from April 4 to May 27, with both chambers adjourning for a week long recess the week of May 2.

Bayer had commenced applications for prohibition against at least two generic companies in respect of its birth control tablets sold under the brand name YAZ®.

As China's private enterprises mature and their founders age, the question of how to pass on both wealth and values to the next generation is a growing priority for Chinese family businesses.

Foley Attorneys are continually monitoring and analyzing the impact of the bill and will provide additional coverage as changes are announced.

In the year since the Lehman failure, we have seen quite a number of regulatory initiatives relating to structured product sales in the EU and in Asia. We are devoting the next few issues of this newsletter to a review of the principal developments affecting the structured products market in the EU.

A Market Linked Debenture ("MLD") is basically a non-convertible debenture with a hybrid nature that couples the features of both plain vanilla debt security and exchange traded derivatives.

The SEBI recent circular dated April 10, 2018 has shaken up the investment industry due to its wide ranging impact on the NRIs, the FPIs and the resident Indian managers of funds.

In a significant step forward, which offers flexibility as well as additional compliance requirements to the Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs)...

The implementation costs of the European Union’s Market in Financial Instruments Directive (2004/39/EC) ("MiFID") have been to estimated to have run into several hundred of millions of £s in the UK alone.

When mutual funds and alternative investment funds invest in listed companies, should they behave like any other shareholder of such listed companies or should they act as stewards of such companies?

This "DechertOnPoint" summarises regulatory developments in the UK, the European Union and internationally in the investment funds and asset management sector during recent weeks.

The implementation costs of the European Union’s Market in Financial Instruments Directive (2004/39/EC) ("MiFID") have been to estimated to have run into several hundred of millions of £s in the UK alone.

India is gradually emerging as the new Cryptocurrency hub. Data indicates that India has over 100 million crypto users comprising 7.3% of the country's total population.

SEBI issued circular no. SEBI/HO/IMD/DF6/CIR/P/2020/24 dated February 5, 2020 that introduces standard templates for alternative investment funds' private placement memorandums, annual audits of compliance ...