Luxembourg's legislation of July 21, 2021 on cross-border distribution of investment funds has come into force on August 2 following its publication in the Mémorial, Luxembourg's official gazette, on July 26.
The Financial Industry Regulatory Authority (FINRA) recently issued a Regulatory Notice (Notice) reminding firms of their obligations with respect to best execution and payment for order flow.
On July 7, the SEC Asset Management Advisory Committee adopted recommendations developed by the Environmental, Social and Governance Subcommittee related to ESG disclosure by registered issuers (the Recommendations).
Spearheaded by Katten's Financial Markets and Funds practice, the report examines how heads of investment can use direct investments as part of a dual investment strategy for pursuing multiple investment goals and improving portfolio performance.