In a regulatory environment that is continually shifting, access and clarity remain key for fund managers looking to scale across borders. That’s why our team of investment fund lawyers and regulatory specialists have been working diligently to update the Global Knowledge Hub with the latest insights, helping our clients stay ahead of the regulatory curve. Two recent developments, one in Hungary and the other in the UK, offer timely insights into how the European and post-Brexit regulatory landscapes are evolving for alternative investment funds (AIFs).
Hungary may not always be top of the list when fund managers think about cross-border expansion, but it’s a market that’s increasingly attracting attention. Under Article 32 of the AIFMD, European AIFs are able to market to professional investors across the EU.
Recent guidance sheds light on the process for passporting AIFs into Hungary, outlining both the regulatory steps and practical nuances fund managers should be aware of. From the structure of the notification package to the importance of aligning with the Hungarian central bank’s procedural expectations, this insight is proving valuable for firms looking to grow their investor base in Central Europe.
While the regulatory rules in Hungary align broadly with EU-level expectations, fund managers should be mindful of jurisdiction-specific documentation preferences and timelines. Strategic preparation can streamline the entry process and avoid common pitfalls.
Meanwhile, as firms navigate the transition from the Temporary Marketing Permissions Regime (TMPR) to the OFR, questions around notification requirements for new share classes have remained a focal point.
In response, the latest guidance from the Financial Conduct Authority (FCA) provides welcome clarity. Firms now have a better understanding of how to notify new share classes during the “landing slot” period, which is a critical point for those managing multiple classes across a single fund umbrella.
These developments are more than just technical updates; they’re part of a broader story about post-Brexit fund distribution, regulatory alignment, and how firms can stay agile in a changing market.
At Zeidler, we understand how complex and fast-changing fund regulations can be. That’s why we created the Global Knowledge Hub, our proprietary web-based platform that delivers practical, up-to-date insights on UCITS and AIF registration and compliance across multiple jurisdictions.
GKH is designed to simplify cross-border fund distribution, offering guidance on:
With coverage across 80+ jurisdictions (and growing), GKH provides a fixed annual fee structure, flexible subscription plans, and expert support via phone and email, ensuring you stay ahead of regulatory changes without unnecessary complexity.
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