Frankfurt-based funds law firm Zeidler Group said it has received approval from Luxembourg’s financial regulator to serve professional clients and to support fund marketing as a UK Mifid firm under the third country regime in the Grand Duchy.
In a statement, Zeidler said it was “delighted” to announce its successful registration as a UK MiFID firm under the third country regime in Luxembourg for marketing to professional clients. The CSSF gave its official green light earlier this year.
Distribution
“As investment management firms increasingly look to develop their business through new distribution channels, it is crucial that they have a trusted and strategic partner with whom to grow as well as keep pace with regulatory change, legal requirements and mitigate risk,” Sarah Noville, Senior Associate at Zeidler (pictured), said.
Zeidler presents itself as a “technology-driven law firm revolutionising legal and compliance services” for the asset management industry. The firm serves more than 200 clients with aggregate assets under management in excess of one trillion dollars.
“The regulatory approval from the CSSF under the third country regime reflects the research-driven and tailored legal guidance of the legal services division at Zeidler,” said Maximilian Harper, the firm’s Chief Delivery Officer.