EUROPE: ESMA Issues Technical Advice to the Commission for Its Review of the UCITS Eligible Assets Directive (EAD)

EUROPE: ESMA Issues Technical Advice to the Commission for Its Review of the UCITS Eligible Assets Directive (EAD)

ESMA's advice on the EAD review proposes a 90 percent look-through rule for UCITS, redefines eligibility, and revises the 10% trash bucket exposure limit

Team announce interim results and plans for UCITS launch

Jersey-headquartered financial services group Team is bullish for the future, despite announcing £1.8m losses, thanks to a group-wide cost reduction programme and new approvals for a UCITS fund now rubber-stamped following delays. The company said it is “heading in the right direction” to becoming profitable having implemented a group-wide cost reduction programme, with new approvals for UCITS fund central to its growth plans. Team – which bough…

TEAM Plc Grows Revenue And Client Assets Ahead Of UCITS Fund Launch

TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced its interim results for the six months to 31 March 2025. HY 25 Financial Highlights ·    Revenues increased to £5.8m (HY 24: £4.1m) ·    Total client assets increased to £1.112bn (HY 24: £0.9bn) ·    £2.16m cash in bank as at 31 March 2025 (HY 24: £1.5m) ·    Successfully raised a total of £2.96m through a combination of equity and convert…