International Corporate Governance Network (ICGN)’s Post

International Corporate Governance Network has today published a Statement co-signed by major investors and associations representing institutional investors to raise concern on regulatory proposals which could weaken UK #corporategovernance standards and #shareholderprotections. FT: https://lnkd.in/eP4qjGSz Statement: https://lnkd.in/eufCqDJg #governance #icgn #uk #ukgovernance #ukfinance

ICGN pushed back on regressive capital market reform proposals by the UKFCA today. Our statement, supported by over 50 signatories including the worlds largest institutional investors, clarifies our deep concern around proposals to remove shareholder approval for significant transactions and related party transactions and further watering down dual class share related safeguards. The UK has long been a pioneer in the evolution of high standards of Corporate Governance and investor stewardship worldwide. These proposals only serve to undermine this. We implore UK authorities to hear the voice of global investors to ensure that the U.K.’s market remains attractive as a global financial centre. The ICGN statement is also covered by the FT today. https://lnkd.in/eMNvGdh5 https://lnkd.in/e_Hy8xM9

Don't miss this upcoming webinar 🗓️ The Chartered Institute for Securities & Investment (The CISI) is hosting a live webinar with EPC experts Peter Lawlor Dip FA and John Reynolds on Tuesday 24th September. They'll share insight on recent changes to occupational drawdown and remedial statements. If you're looking to gain clarity on these complex topics whilst building your CPD hours, click the link to sign up: https://lnkd.in/e5ddpwff #NHSPensions #RetirementPlanning #PensionManagement #NHS #PensionPlanning #IFA

With the movement to implement the #outboundinvestment regime in the #US market picking up speed (note: comments on the proposed rules are due August 4th) the pressure continues to #decouple from #China. We have been following this effort and the implications for #GPs and #LPs as restrictions in the US ramp up, both through the federal program, and increased focus on #state legislatures. If your firm needs help monitoring/understanding/submitting comments, please DM us. #PRC #privateequity #privatecredit #privatefunds #vc #venturecapital

The ELTIF Amending Regulation has come into effect, bringing in a number of new provisions aiming to increase flexibility and long-term investment opportunities. However, are we likely to see a rapid uptake of these vehicles to support Europe’s pension systems and help democratise private assets? Hear from Federico Cupelli, Deputy Director for Regulatory Policy at the EFAMA during our livestream "Focus on Long-term Investing" on February 20th. Register here: bit.ly/3SdVCxt #LuxFinance #livestream #investing #finance #financialservices

I had the pleasure of speaking on a panel at the London Stock Exchange's Investment Funds Conference today alongside Ralph Gruss of Apax, James Dawes of 3i, Chris Hollowood of Syncona and Phil Kent of Gravis. The investment company sector of the LSE has, for 150 years, successfully steered capital to critical infrastructure projects (such as Marconi's first trans-Atlantic communications cable). Latterly, it has democratised investor access to private infrastructure assets. Unfortunately this sector is being hit by the FCA's frankly destructive interpretation of fee reporting (which forces the sector to effectively double-report fees making it seem vastly more expensive in fee terms than it actually is), by pension rules on cost limits that prevent the defined contribution sector from using these funds to gain access to private infrastructure and growth assets, by the FCA's zealous guidance on Customer Disclosure rules (which put funds at a disadvantage to the event the smallest, most esoteric and risky AIM listed companies) and quirky indexing policies. The mood at the conference was clearly that "something must be done". Let's hope that this mood translates into concrete action by HM Treasury, the FCA, the Pensions Regulator and others holding the power of the rulebook. Despite these issues having been well-flagged, progress has been appallingly slow.

We have reminded #superannuation CEOs attending the latest ASIC–Australian Prudential Regulation Authority roundtables to be mindful of their conduct obligations and to foster market integrity when investing in private #markets. The latest super CEO roundtables – held in June and July – focused on superannuation funds as investors of members’ money. ASIC is looking at superannuation funds as participants in financial markets to understand how they interact with the market and meet market integrity obligations, forming part of our focus on integrity across public and private markets. Read the roundtable summary https://lnkd.in/gwHBwcWc #regulatory

Our recent report, 'Raised in London 2024', surveyed over 150 FTSE leaders, including Chairs, CEOs and CFOs, to uncover their sentiment on the outlook for the UK capital markets. We found that, while UK listed corporates remain optimistic, they would like the new government to focus on a number of key areas to secure London’s future, such as streamlining corporate governance and encouraging domestic pension fund investment. See the highlights of our research in 50 seconds below, or read the full report here: https://dbnumis.co/4d7WGLO #RaisedInLondon #IPOs #RaisingCapital #FTSELeaders #CorporateGovernance

Effective tax management is a cornerstone of successful wealth preservation.    HSAM’s Regulation 28 compliant fund, the High Street Balanced Prescient Fund not only offers offshore focus and 90%+ Rand-hedged investment, but tax benefits.    By investing in this fund, you can enhance your wealth strategy. Also available for employee benefits and provident fund providers.   🔗 Optimise Your Investments: https://hsam.co.za/   #TaxEfficiency #WealthManagement #HSAM #InvestmentBenefits #FinancialPlanning #EmployeeBenefits

The new regulatory form of Swiss fund (L-QIF) may be very attractive for Swiss qualified investors (in particular Swiss pension funds), especially for direct and indirect Swiss real estate investments. Read my colleague's blog on the Swiss tax aspects of the L-QIF for real estate investments!