2024 was a year of meaningful regulatory change for asset managers globally. The regulatory activity was wide ranging and without a particular unifying theme. In fact, the wide, and in cases diverging focuses of key global regulators requires asset managers to closely review what has happened, and potentially more importantly, keep tabs on what is likely to happen going forward.
This year, we expanded our overview of the legal and regulatory actions beyond the borders of the United States to include Australia, Hong Kong, Japan, Qatar, Singapore, the United Arab Emirates, and the United Kingdom. A brief summary of select regulatory developments by region is provided, followed by a more detailed overview. The summaries include key developments throughout the year that may impact the future of the asset management industry, addressing topics such as cryptocurrency, ESG, enforcement actions, fiduciary responsibilities, and more.