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News & Views

   
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FCA Authorises Thompson Taraz as a Private Equity and Real Estate AIF Depositary

Thompson Taraz has great pleasure in announcing that the FCA has approved its application to act as an AIFMD depositary of closed ended, unauthorised private equity and real estate funds. This allows Thompson Taraz to offer its fund manager clients the certainty of appointing an authorised PE AIF Depositary ahead of the end of the transitional year on 22 July, 2014.

Prudential Regulatory Authority and Financial Conduct Authority

In a 6 February 2012 "Dear CEO" letter, Hector Sants provided firms with an update on the transition to the new regulatory structure. To prepare the way for the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) becoming operational in early 2013, the FSA will adopt a "twin peaks" supervisory model with effect from 2 April 2012.

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