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New Post: Sebi introduces flexibility in pro-rata rights for AIF investors, ET LegalWorld - On December 13, 2024, India's market regulator Sebi announced exemptions from the requirement of maintaining pro-rata rights in alternative investment funds (AIFs). This change allows for flexibility in cases where investors are excluded from investments or fail to meet contribution obligations. Specific entities, like government-backed organizations, can also accept subordinate units with lower returns. The measures aim to enhance fairness and investor protection while accommodating diverse investor needs. Additionally, Sebi clarified the classification of the Corporate Debt Market Development Fund as a Category I AIF, designed to bolster confidence in the corporate debt market during stress. Read the full article here https://lnkd.in/dEV9JHcu #Venturecapital #VC #investment #LP #Limited Partner

💡💡 Amazing development in the #funds space for the #GCC! 💥💥 🚨On 20 November 2024, the #UAE 🇦🇪Securities and Commodities Authority (#SCA) announced the approval of the GCC fund #passporting regime, marking a significant milestone for regional financial integration. This framework will enable investment funds to be registered and promoted across all GCC member states under a unified regulatory structure. Investment funds are the first financial products to be governed at the GCC level through a common framework. 🏦 The draft passporting regulations aim to create a streamlined and efficient regulatory environment for investment funds operating across the GCC. This initiative forms a key component of broader efforts to achieve deeper integration of GCC financial markets. 👩⚖️The draft regulations are designed to, among other things: *Define procedures for fund registration and outline the terms and conditions funds must satisfy; *Specify the obligations of fund managers and promoters; *Introduce mechanisms for fee regulation; *Provide exemptions for registered funds; and *Empower GCC regulators to deregister non-compliant funds. 🪬 Additionally, the draft regulations emphasise investor protection by detailing safeguards for investors’ rights. 👮They also establish requirements for listing and trading registered funds and grant regulators the authority to monitor compliance with financial and legislative standards. 🗓️The GCC fund passporting framework is expected to come into effect in early 2025 in the member states that complete the necessary legislative processes. R.A.G Legal Consultancy

CDIAC has released the Local Agency Investment Guidelines update for 2025. These guidelines provide recommendations for interpreting and applying CA statute to common public fund investments topics for local agencies. The guidelines are available on our website: https://lnkd.in/ddjD7D6t #publicfinance #muniland #CDIACsto

Interesting article on VCC.

The Oando Plc travails have been a difficult walk involving: 1. Regulatory actions and the resolution of which dragged on, leading to delayed AGMs on account of unapproved Audited Accounts and, more importantly, lost financial lines that further compromised the business. 2. Sale of downstream assets and implications for enterprise valuation; 3. Agitated retail investors over returns and proposed exit price strategy; and 4. The challenge of embarking on a new road to survival, sustainability and redemption. Shareholders in Oando Plc, especially minority interest holders, have grappled with corporate equity issues over several years. These include key shareholder exit plans at off-market premiums, regulatory interventions in management, delays in financial statement approvals, suspensions and temporary delisting, and most recently, repeated postponement of a court-ordered meeting for delisting from the Nigerian Exchange Group (NGX Group). These issues have profoundly influenced the financial conditions of shareholders and their psyche. Johannesburg Stock Exchanges; Securities and Exchange Commission, Nigeria African Export-Import Bank (Afreximbank)

Mauritius' Variable Capital Company (VCC) is the ideal solution for investment funds and family offices looking for a flexible investment structure that streamlines processes and cuts compliance costs 🇲🇺 Novan Maharahaje, FCA and Leevyn Isabel unpack what a VCC is, its key benefits, how it compares to a PCC and the opportunities VCCs cater to: https://lnkd.in/emH8P3Za #MauritiusVCC #FlexibleInvestments #InvestmentStructure #FundManagement

Well done to Brian Corr and team at the Department of Finance in Ireland for the preparation and issuance of their Funds Sector 2030 report. Great to see over 42 specific recommendations to help boost the sector in the coming years and ensure Ireland's continued international competitiveness as a leading fund domicile and global asset management servicing hub. At a personal level I was pleased to see the proposals around facilitating increased retail investment in funds, while professionally the proposals regarding investment limited partnerships are of course particularly welcome. See our Legal Update below for more information or download it in the comments below. Fell free to reach out to discuss the proposals. Anything you feel should be added ? #aima #irishfunds #ucits #ilp #pe #financialservices #funds #distribution #sfdr #aifmd #icav #greenfinance

Did you know that Section 31 of the Nigerian Investment Promotion Commission Act defines the Negative list? The 'Negative list' is a list of businesses by which a foreign or a Nigerian investor is prohibited from participating or investing in, either through portfolio company or by incorporating a new company whose objects is directly or indirectly related to the items mentioned in the Negative list. #Investment #Negativelist #NIPCACT #Investors Aisha Rimi

📊💼 Stay diversified with ETFs! Gain exposure to specific industries or themes to spread risk and enhance potential returns in your investment portfolio. 🔄 👉 Visit https://lnkd.in/dwE_Uh-g for more information. #MeDirect #MyMoneyMyChoices #MyInvestmentsMyWay #Invest #Investment #WealthManagement #ETFs #SectorETFs #DiversificationStrategy MeDirect Bank (Malta) plc, company registration number C34125, is licensed by the Malta Financial Services Authority to undertake the business of investment services under the Investment Services Act (Cap. 370). When investing you may lose some or all of the money you invest. The value of your investment may go down, as well as up. Any income you get from this investment may go down, as well as up. A commission or sales fee may be charged when trading in these securities. MeDirect Bank (Malta) plc, The Centre, Tigné Point, Sliema, TPO 0001, Malta.

I’m pleased about the recent announcement by the GCC Committee of Heads of Financial Market Authorities to streamline the registration and promotion of investment funds across member states under a new passporting framework. What does the new framework mean for investors and fund managers? While the announcement has not materialized in regulatory updates yet, the announcement covers, and will therefore likely facilitate: 1- 𝐄𝐚𝐬𝐢𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠: We expect that GCC funds can be directly marketed across GCC member states, without being subject to the broader foreign fund distrubtion arrangements. 2- 𝐒𝐞𝐚𝐦𝐥𝐞𝐬𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬:  Funds registered in one GCC state can operate more seamlessly in others by buying, owning, and selling assets, thus bringing the capital markets closer. 3- 𝐄𝐱𝐩𝐚𝐧𝐝𝐞𝐝 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐅𝐮𝐧𝐝 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬: : Fund managers can leverage different GCC jurisdictions and their strengths in creating fund vehicles that are more suited to their clients' needs. The biggest takeaway is that the new framework strengthen the GCC's competitiveness as financial hub, an advantage for global investors. Draft Stage: The new framework will take effect in early 2025. The regulations are currently in a draft state so speculation about exact local implementation and local regulation are yet to be determined. We will be following the progress and updating when details are finalised. #GCCLaw #SaudiLaw #Funds Read the full article via Zawya in the comments below.