Greyline now has a London office covering U.K. and European regulation, and provides a full range of services to U.K.-based investment managers, as well as assisting overseas managers seeking to raise assets or setup operations within the U.K. or Europe.

Greyline’s U.K. staff has more than 16 years of experience working with FCA-regulated and authorised firms with respect to their compliance requirements, during which time we have worked with or for many of the premier alternative investment managers in the U.K. This experience includes particular expertise on AIFMD, market abuse controls, and the application of MiFID II to buy-side investment firms.

Services we offer include:

  • Initial authorisation and setup of firms’ compliance infrastructure.
  • Ongoing assistance in implementing your firm’s compliance programme.
  • Undertaking compliance monitoring and providing external assurance that the firm’s policies are being adhered to, and that regulatory requirements are being met.
  • Ongoing review and recommendations for enhancements where necessary.
  • Detailed, one-off reviews of the firm’s compliance programme and infrastructure. This includes an in-depth review and gap analysis of all aspects of the firm’s written supervisory procedures. Upon completion of this review, Greyline will deliver a detailed report, including findings and recommendations, and if required, assist in any remediation.
  • Ongoing review of incoming rules and regulations, along with published regulatory actions and updates to determine the impact on your firm. Greyline will also assist with ensuring the firm is compliant with any new regulations from the date they become applicable and operating in line with FCA expectations.
  • Custom training on a variety of topics, including:
    • General all-staff annual/refresher compliance training
    • CF10 Compliance Officer Training
    • CF11 Money Laundering Reporting Officer Training
    • Market abuse training
    • Financial crime training
    • New staff compliance inductions
    • Coverage of other compliance related areas, including GDPR and cybersecurity
  • FCA visit/exam preparation, as required.
  • Assistance dealing with regulatory enquiries or actions from the FCA or other regulators.
  • Assistance with U.K. regulatory filings, such as Annex IV, GABRIEL returns, new AIF managing/marketing notifications and capital issuance notifications.
  • Assistance with regulatory capital requirements, including the ICAAP process and related Pillar 2 filings to the FCA.
  • Assistance with applications to the FCA, such as Variations of Permission, Changes in Control, Waivers, capital withdrawal requests and Approved Persons.
  • Advice and assistance on marketing and notification requirements when raising fund assets in the U.K. and overseas jurisdictions.

Interested in more information about how we can assist with U.K. and European regulation support? Contact us to set up a consultation.

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