On Reg

The latest episode of our On Reg podcast dives deep into the AIFMD's new rules and their transformative effects on loan origination strategies and fund management. Whether you're navigating the complexities of today's financial regulations or just interested in learning the latest industry developments, this episode is essential listening. Special guest Marianna Tothova offers her insights on what's changed for AIFMD, what's to come, and how it may affect your business.

Show Notes:

• Dechert's World Passport
• Dechert's World Compass

The regulatory landscape defining the asset management sector is set to undergo significant changes in the years ahead. In this episode of Dechert On Reg, host Angelo Lercara is joined by Richard Frase and Philippa List to recap the crucial updates presented during the "Regulatory Roadmap" panel at this year's Funds Congress event, including ESMA's priorities, ELTIFs, AIFMD 2.0 and more.

View the Funds Congress 2024 highlights here.

The Central Bank Individual Accountability Framework Act of 2023 is likely to have far-reaching implications on Irish-regulated entities. In this episode of Dechert On Reg, Doireann O’Daly, Mark Dillon and Simon Wright join host Angelo Lercara to discuss the impact on strengthening the individual accountability of senior executives in the operation of management companies, investment firms and fund boards in Ireland. 

2024 heralds significant changes to the EMIR reporting regime in both the EU and the UK.  All market participants that enter into derivatives – from asset managers to investment firms – are likely to be impacted. In this episode of Dechert On Reg, host Angelo Lercara is joined by Karen Stretch, Richard Chapman and Philippa List who together take a look at the EMIR reporting requirement, the changes coming and how to prepare. 

The SEC’s new private fund adviser rules represent the most significant change to the regulation of private funds and their advisors in the US since the 2008 financial crisis. In this episode, host Angelo Lercara is joined by financial services partners Karen Anderberg and Michael McGrath to discuss how asset managers will be impacted by the new rules, which significantly reform the scope of reporting, disclosure, and other obligations imposed on investment advisors to private funds. 

In the third episode of Dechert On Reg, we discuss a profound piece of legislation for the asset management sector - the Alternative Investment Fund Managers Directive or AIFMD. Now, after more than 10 years, the European Union legislator is contemplating revisions commonly referred to as AIFMD 2.0. Angelo Lercara, Patrick Goebel, Philippa List, and Marianna Tothova consider the impact of the upcoming reforms and discuss the provisional agreement reached among the co-legislators. 

In the second episode of Dechert On Reg, host Angelo Lercara and Dechert partner Lindsay Trapp discuss developments from the U.S. National Association of Insurance Commissioners' (NAIC) 2023 Summer Meeting. The episode explores expanded definitions for "principles-based bonds" and “residual tranches" and their impact on rated feeder funds and collateralized fund obligations (CFOs), as well as proposed amendments to the NAIC's Securities Valuation Office (SVO)’s discretion over NAIC Designations assigned through the filing exemption process.

In our first episode, host Angelo Lercara explores the latest trends and challenges facing the European asset management sector with Dechert colleagues Colin Sharpsmith, Simon Wright and Matthias Kerbusch, including the future regulatory framework of the UK, the retailization of private assets and the European Long-Term Investment Fund (ELTIF) regime. Listen now.