Regulation

The world's third largest reinsurer has offloaded stakes in three buyout funds amid the implementation of Solvency II.

Concern about the next generation of key people is forcing LPs to ask more questions about succession during due diligence.

Regulatory uncertainty and higher compliance costs are capping enthusiasm for the pan-EU marketing passport, according to panelists at an industry conference.

New rule proposals on succession planning and fiduciary duties are in the works, SEC chair Mary Jo White revealed.

From Basel III to AIFMD, the list of regulations is growing and the secondaries market is feeling their impact.

Insurance companies have already started selling off private equity assets in anticipation of the January 2016 implementation.

Proposed changes to private fund limited partnerships would benefit secondaries funds and secondaries investors in the UK.

The European Securities and Markets Authority suggested a pan-EU marketing passport be offered to Guernsey and Jersey but requesting more time to review the regulatory regimes of the US, Singapore and Hong Kong.

The Treasury has invited the industry to respond to its proposed changes to existing limited partnership legislation, including introducing a list of permitted LP activities.

The immediate tax change is accompanied by a consultation on fund manager rewards.