Fund Governance Insights

Depositary Insights
Autumn 2020

20 minute read time

Depositary Insights is a new quarterly regulatory developments publication from NatWest Trustee and Depositary Services (NWTDS).

This first edition comes at an important point of reflection: in the final quarter of 2020 we are able to look back on what has been a year of unprecedented disruption. But we are also starting to look ahead to 2021, and towards the long-term implications of the challenges and transformations we have all experienced in 2020. With that in mind, this first edition focuses on a number of themes that have been front of mind for many of our clients:

The Economists View: Ice Cube tweeted about what?

Imagine borrowing £800,000 every minute of the day...

Covid-19 and the funds industry: Reflections from a Depositary

Covid-19 has created operational challenges across the investment ecosystem – from asset managers and asset owners to service providers, including depositaries.

Liquidity mismatch in open-ended funds

In June 2019, the suspension of the Woodford Equity Income Fund and subsequent wind-up raised important questions about how liquidity is managed in authorised funds, particularly with respect to investment in illiquid assets.

Rising to the challenge of responsible and sustainable investment

Sustainability and responsible investment (SRI) can no longer be regarded as a narrow issue that applies only to a subset of investment funds at the margin.

The UK Stewardship Code 2020: a regulatory revolution?

The introduction of the Financial Reporting Council’s UK Stewardship Code 2020 has proven fortuitous in its timing.

Dividends and Covid-19: what happens next?

The collapse of dividends in 2020 has been one of the most intriguing, and notable, investment market consequences of Covid-19.

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