Reference book compares adviser rules in 40 jurisdictions

A US law firm has produced the third edition of a 1,200-page study comparing investment adviser regulation in 40 jurisdictions.

The Debevoise & Plimpton LLP International Survey of Investment Adviser Regulation covers countries in North America, South America, Europe, the Middle East, Africa, Asia, Southeast Asia and the Pacific Basin.

The firm’s partners Marcia MacHarg and Kenneth Berman are the editors of the Survey, which is published by Wolters Kluwer.

Preeminent lawyers in the field of investment adviser and investment management regulation from prestigious law firms in 33 countries, as well as lawyers in every Debevoise office, contributed to the edition.

First published in 1994, the Survey was developed by MacHarg, who recognized the enormous volume and variety of regulation from country to country presented a challenge to the global investment management industry and its regulators.

Nearly every jurisdiction included in the latest edition has revised laws and regulations affecting advisers and managers in the past several years, in some cases substantially.

It introduces for the first time the topics of data protection and consumer privacy, money laundering and use of electronic media and the Internet.

The book has been praised by Jean-Marc Goy, Counsel for International Affairs at the Commission de Surveillance de Secteur Financier for the “interesting and crucial elements regarding the regulation in each jurisdiction”, and by Kazumi Okamura, Deputy-Secretary General at the Japan Securities and Exchanges Surveillance Commission.

MacHarg and Berman said their aim is to “foster understanding, development and rationalization of the regulation of investment advisers in a global environment.”

Debevoise & Plimpton LLP is an international law firm founded in 1931, with offices in New York, Washington, D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.


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