Anthony Downes

Anthony Downes

What is a Security Trustee and do I need to appoint one?

Here we consider the role of a Security Trustee in relation to a group of investors holding secured debt securities (Bonds, Loan Notes). Many secured debt securities require a corporate entity or person to act as the Security Trustee. The company (“Borrower”, “Issuer”) issuing the securities (Bonds, Loan Notes) receives money from lenders (“investors”) under …

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Self-funding – The future of fundraising? (Are you aware of it?)

Here we explore this relatively new – but increasingly popular – means of financing and explore the compliance considerations you need to bear in mind. What is self-funding? You will be familiar with crowd-funding, the concept of leveraging a crowd to finance an investment opportunity. Self-funding is the next evolution of this; the idea of …

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Is an ICO a Financial Promotion?

The UK’s FCA, like much of the rest of the world, is seeking to enable an ecosystem that provides positive economic benefits without excessive risks of fraud. Most regulators have determined ICOs are securities and thus must abide by local and international disclosure requirements. In the UK, if an ICO is considered an investment (IE …

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