Sustainability disclosures to be applicable to small-size AIFMs
On 26 July 2021, the European Commission published its answers to a number of questions raised by the European Supervisory Authorities (ESMA – EBA – EIOPA, together the “ESAs”) regarding the application of the Sustainable Finance Disclosure Regulation (“SFDR”). One of the questions concerned the application of the SFDR to registered alternative investment fund managers
VAT due on Aladdin services, BlackRock VAT case released – A new challenge for fund asset managers!
The VAT exemption applicable to the management of Special Investment Funds (Article 135(1)(g) of the VAT Directive) raises several issues. Those issues are related to both the concept of “management” and the “type” of funds that benefit from the exemption. The VAT Committee responded to some questions in 2017 but these concepts are certainly not
Fund structuring – Impact of BEPS
One of the most important decision-making factors that an asset manager (General Partner – GP) considers in setting up a fund is to ensure that the investment structure is tax neutral for its investor (Limiter Partners – LPs) and provides for the most reliable regulatory framework. The complexity of setting up international investment vehicles pooling
