Co-Chair
Christian Schmies

Co-Chair
Julio
Veloso Caro

Asset Management and Investment Funds Committee

The Asset Management and Investment Funds Committee provides a convenient forum for its members to consider current developments in the global investment funds industry, including both regulatory and product development.

About the Committee

The Asset Management and Investment Funds Committee provides a convenient forum for its members to consider current developments in the global investment funds industry, including both regulatory and product development. It also produces newsletters and occasional e-bulletins for its members. In addition to its programmes at the annual IBA conferences, the committee presents an annual conference on Globalisation of Investment Funds normally held in June, which celebrated its 24th successful year in 2013. The event attracts delegates from approximately 30 countries, and features presentations by senior regulators from around the world, senior executives of top fund managers and other fund service providers as well as from leading practitioners in the field.

Forthcoming conferences and webinars View all conferences and webinars

Investments of Brazilian residents in offshore investment funds

Among measures to combat the economic downturn resulting from the Covid-19 pandemic, the Brazilian Central Bank implemented additional cuts to the already record-low Selic rate. It is in this context that offshore financial products such as shares of offshore investment funds – which until recently were not very popular among most segments of Brazilian investors – started to become more well-known and became investment alternatives.

Message from the Co-Chairs, July 2020

Message from the Co-Chairs, Asset Management and Investment Funds Committee. Christian Schmies and Francois Rayroux

Ireland: navigating tax residence and permanent establishment issues during Covid-19

In these unprecedented times of restrictions on the movement of people, complying with the usual guidelines surrounding tax residence and avoiding the creation of taxable permanent establishments have created significant challenges and concerns across all sectors, including the international funds industry. However, in this regard, pragmatic guidance has been published by many tax authorities in line with the recommendations of the Secretariat of the Organisation for Economic Co-operation and Development.

The Economic Freedom Act and its impacts on the Brazilian investment fund industry

Last year President Bolsonaro sanctioned the so-called Economic Freedom Act, in line with the government’s efforts to foster the overall level of economic activity in Brazil. Among other developments, it has introduced some remarkable changes to the investment funds industry. This article sheds some light on the most important changes affecting the industry.

Offering of investment funds under the new Swiss Financial Services Act – a change of paradigm

On 1 January, new financial legislation entered into force in Switzerland, bringing significant changes to the regulatory framework applicable to financial sector participants. In particular, the Federal Financial Services Act and its implementing ordinance impose new obligations on those endeavouring to market financial products and services in Switzerland.

Subcommittees and other groups

The Asset Management and Investment Funds Committee also coordinates the activities of the following subcommittees/working groups.

  • Private Investment Funds Subcommittee