Data & Intelligence

Legal & Regulatory Bulletin – Issue No. 24, Winter 2018

The year promises to be an active one for regulatory initiatives and the EMPEA Winter Bulletin focuses on positive as well as challenging developments including the impact of MiFID II in the UK on emerging market fund managers, recent shareholder and creditor pre-investment corporate restructuring limitations in Nigeria, the relaxation of licensing and registration for private, non-real estate investment funds and asset managers for sophisticated investors in Saudi Arabia and elements of due diligence of interest to minority investors in online platforms in emerging markets.

Bulletin contributions:

  • MiFID II-What Does it Really Mean for You?: With MiFID II taking effect in January 2018, what should you be doing now including considerations related to clients, staff training, categories of investors and updating existing written policies and procedures?\
  • What are the Limits of Shareholder Schemes of Credit Arrangement as a Tool for Pre-Investment Corporate Restructuring in Nigeria?: How are the Nigerian supervisory authorities and courts viewing attempts to extend traditional pre-investment restructuring among shareholders to transfer third party liabilities to separate entities?
  • Might Recent Relaxed Requirements for Saudi Arabian Funds and Fund Managers Expand Opportunities?: What are the likely consequences of recent changes to capital requirements for fund managers and the opening up of private funds to high net worth individuals? How to meet the definitions?
  • When Investing in Online Platforms, What are Key Due Diligence Considerations for the Minority Investor?: How should a minority investor focus its due diligence efforts to understand the key regulatory aspects of a potential investment?
EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company