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New regime for offshore funds - managing the change

The new regime for offshore funds came into effect as of 1 December 2009, impacting fund managers with existing offshore investment vehicles targeted at the UK market or in the process of launching such vehicles.

The following articles on our website examine these new rules:

Is it an offshore fund? The new definition

Reporting or non-reporting? A new regime for offshore funds

A comparative of investment in an offshore/non-offshore fund

Interaction with the white list

How Mazars can help you manage the transition

We are currently working on several projects helping Fund Managers to adjust to the new rules and understand how this will affect their businesses in the future.

We can provide expert assistance on the following:

  • Annual application for distributor fund status as necessary during the transitional phase
  • Application for reporting fund status and advice on the ongoing reporting requirements
  • Provision of individually tailored reports on the optimum strategy for managing the transition
  • Advice on the wording of the fund prospectus targeted at UK resident investors
  • Advice on qualification for the white list for offshore funds

For more details on how to prepare for the new regime, please call Carine Beidas at 0207 063 4311, or e-mail carine.beidas@mazars.co.uk.

National contacts

Howard Jones

Howard Jones

Partner
+44 (0)20 7063 4297 or +44 (0) 7794 031 167

carine's photo

Carine Beidas

Senior Manager, Financial Services Tax
+44 (0)20 7063 4311