Dechert’s international financial services practice features an industry-leading group of experienced lawyers who focus on the global distribution of managed accounts and investment funds, including European undertakings for collective investment in transferable securities (UCITS), U.S. mutual funds, closed-end investment funds, private equity funds, exchange-traded funds and structured notes, among others. This group, completely integrated within our global team, helps clients achieve their objectives while maintaining regulatory compliance wherever they do business.
Promoters and distributors marketing funds on a private placement basis draw upon our resources and experience to navigate the global regulatory landscape, including with respect to investment adviser, broker-dealer, commodity pool, benefit plan, foreign exchange control, tax and other securities law issues. We advise on privately and/or publicly placing interests in open- and closed-end funds and products for offer and sale in more than 90 jurisdictions. We have an extensive network of offices throughout the United States, Europe, Asia and the Middle East, as well as an extensive network of preferred legal providers.
Our dedicated team of lawyers offers “one-stop shop” service, assisting our clients in coordinating the qualification of newly established and existing funds for public offer and sale, with the help of World Passport – our UCITS and AIF registration, marketing and compliance system. World Passport assists clients with ongoing UCITS and AIF registration and reporting obligations in every jurisdiction of distribution, allowing clients to minimize the risks of regulatory exposure.
For clients interested in private placement for UCITS, AIFs and managed accounts, Dechert's World Compass is an innovative, global web-based marketing compliance resource, providing clear, user-friendly information on marketing UCITS, AIFs and managed accounts in approximately 100 countries worldwide.
We regularly address fund selection, traditional and alternative distribution channels, global disclosure obligations of funds and advisers, as well as the licensing issues that arise in the global marketing of advisory services. We also assist investment advisers with performance advertising issues and specific compliance matters, including those relating to global website compliance, anti-money laundering laws compliance and global beneficial share ownership reporting.
Our clients in the global distribution arena range from small start-up and boutique operations to some of the largest financial institutions in the world.