Funds
Our specialist funds group has expertise in all fund types.
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The CMS Funds Group has in-depth experience and expertise to deliver your objectives in a practical and commercial manner for:
- all funds and investment vehicles whether open or closed-ended, institutional or regional, private or listed, partnership or corporate, regulated or unregulated, we support you from planning and launch through investment, governance, and restructuring to exit and end of fund arrangements;
- all fund related activities: we advise on structuring and establishing the fund, investor advice, management arrangements, carry structuring, debt finance, fund mergers and restructuring and secondary transfers;
- the regulatory and tax requirements which shape a fund: we provide advice on issues including tax changes, new vehicles, financial regulation such as AIFMD, environmental, social and governance (ESG), tokenisation and AI; and
- strategy and investment for performance across sectors through our sector-driven approach: whether you are investing in real estate, venture capital, private equity, credit, infrastructure, energy and clean energy, transport, life science & healthcare and pharmaceuticals, and TMC, we have sector experts at hand.
'Top in knowledge, top in delivery, top in everything that could be important.'
Our Funds team is top ranked in Chambers UK and Legal 500
Further reading
Legal experts for Funds
Regulatory News - Funds
See allPRA: PS10/26: Amendments to Resolution Assessment threshold and Recovery Plans review frequency
Further to CP14/25, this PS provides feedback and final policy. The policy in this PS will take effect on 1 April 2026.
HMT: Joint EU-UK Financial Regulatory Forum
HMT has published a note of the meeting held on 11 March 2026. Topics included: policy and macroeconomic/financial stability outlooks; banking; digital finance; markets reform, and sustainable finance.
FCA: UK MiFID transparency calculations
FCA has updated its webpage with the latest results of the annual transparency calculations for equity and equity-like instruments for the UK.
FCA: Board minutes
FCA has now published the minutes of its 29 January 2026 board meeting. It is stated that “the Board observed the positive outcomes achieved by driving change through outcomes-focused supervisory activity rather than relying solely on rules”.
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The National Savings (Amendment) Regulations 2026/266
The SI amends the National Savings Regulations 2015 to recognise the new entry age of 18 and omits s 25(7) of the Regulations governing the number of ISAs to be opened in any financial year. (Date in force:: 6 April 2026)
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Local market knowledge. Global outlook
We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.
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