Zeidler Group Registers One of the First Funds Under the UK’s New Overseas Fund Regime (OFR) 

London, UK, 15 October 2024— Zeidler Group is proud to announce the successful registration of one of the first funds under the newly implemented Overseas Fund Regime (OFR) in the UK. This landmark achievement underscores Zeidler Group’s ongoing commitment to client service, regulatory expertise, and delivering future-proof legal solutions for the investment management industry. 

The Overseas Fund Regime, effective as of 2024, was introduced to streamline the process for overseas collective investment schemes to be marketed to retail investors in the UK post-Brexit. The regime provides a robust legal framework to ensure EEA UCITS gain recognition from the FCA and ensure access without interruption after Brexit. The high-quality funds represented by Zeidler Group are among the first to meet the stringent requirements for UK marketing access. 

“We are thrilled to be among the first to successfully navigate the complexities of the Overseas Fund Regime and secure registration for our client’s fund,” said Shalu Sura, Senior Associate at Zeidler Group. “This accomplishment not only reinforces our commitment to regulatory compliance but also highlights our role as a trusted partner for global asset managers looking to access the UK market.” 

Robert Boyle, Partner and Solicitor at Zeidler Legal Services LLP, added: “We have built a premier cross-border distribution service for growth-minded asset managers by serving their needs at every stage of their development. As the regulatory landscape evolves, we remain poised and dedicated to guiding our clients through complexities with efficient, expertise-driven solutions.” 

Zeidler Group’s legal and compliance teams worked closely with UK regulators, utilising their in-depth knowledge of the UCITS framework and distribution compliance to ensure a seamless registration process under the new regime. 

For additional guidance on this matter, please refer to our blog examining what fund managers need to know about UCITS marketing and the Overseas Fund Regime.

The Zeidler Legal Team and Regulatory Team are here to assist with any questions or support you may need regarding the Overseas Fund Regime. Our global professionals stay on top of the regulatory changes in the asset management industry.  Contact us for more information.

About Zeidler Group 

Zeidler Group is a technology-driven law firm and compliance provider, offering scalable services to the asset management industry. Zeidler fosters strategic partnerships by delivering innovative digital solutions, alongside tailored legal advice and regulatory guidance. The firm serves over 250 clients with combined assets under management exceeding USD 1.5 trillion, including some of the largest names in the industry as well as boutique operators.