Updates to the Model Discretionary Investment Management Agreement (IMA)

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This training session will provide attendees with a solid grounding in the changes made to the Investment Association’s Model Discretionary Investment Management Agreement (IMA) template published in 2021 and developed in collaboration with Norton Rose Fulbright LLP.

Attendees will, by the end of the session, have a good understanding of these updates to the model IMA, focusing on developing environmental, social and governance (ESG) requirements impacting managers and considerations relevant to the use of derivatives and securities financing transactions.

The training will be interactive, enabling attendees to gain real value from it as well as support with any updates to the model IMA they find particularly challenging. To assist with the learning process, there will be discussions around key commercial negotiation points, as well as an explanation of the rationale underpinning the key updates to the document.

The programme has been developed by the Investment Association in collaboration with Norton Rose Fulbright LLP.

Key Learning Objectives

Develop an understanding of the various regulatory changes to the model IMA, focusing on those relating to:

• UK / EU ESG regulations and their application to managers
• The use of derivatives in the context of UK / EU EMIR and UK / EU SFTR.

14:00 Introduction and overview

• This session will set the scene by providing a high-level overview of the changes to the model IMA, including those made as a result of Brexit.

14:30 ESG spotlight

• A focused session to talk through the application of UK / EU ESG regulations to managers in light of the model IMA terms, and possible drafting solutions.

15:30 Coffee break
15:45 Derivatives spotlight

• An in-depth look at the derivatives provisions in the model IMA, focusing on the UK / EU EMIR and UK / EU STFR regimes.

16:45 Questions
17:00 Session close

Hannah Meakin

Hannah Meakin is a partner in the financial services group at Norton Rose Fulbright LLP. Her practice focuses on market infrastructure, commodities derivatives and FinTech. She advises on all aspects of compliance with relevant PRA and FCA requirements and has particular knowledge of brokerage, exchange trading, clearing, settlement, custody, client money and wholesale conduct. Hannah helps clients understand and implement financial services legislation, including MiFID II, MAR, EMIR and the CRR, and has led client projects on each of these. Her clients include both financial institutions and unregulated entities such as the trading and treasury teams of corporates. She also supports a number of industry bodies.

Anyone who wishes to deepen their understanding of the structure and terms of the model IMA further to the 2001 updates. The training session will appeal in particular to those whose role involves them in the development or negotiation of IMAs and those needing to understand how IMAs are drafted to enable compliance with regulatory requirements (such as legal and compliance professionals).

A certain amount of knowledge of the structure and content of IMAs will be assumed in this training session, along with a basic level of understanding of ESG and derivatives regulations.

IA Member £395.00 +VAT
Non-Member 545.00 +VAT

Pay using a credit card online, or if you wish to be invoiced please email your full details to: Training@theia.org

PLEASE NOTE: Full payment for the course must be made prior to the course commencement date.

• Any cancellation must be made in writing.
• For all cancellation received 15-30 days prior to the course start date, 50% of the course fee is still payable.
• No refund is given for a cancellation made 14 days or less prior to the commencement of a course.
• Transferring from one course to another is treated as a cancellation.
• You can substitute one delegate for another at no additional cost. In this instance, please give two business days’ notice.

Hybrid Training Courses:

Hybrid deliveries of our training allows participants on our courses the option to attend in-person here from our offices at Camomile Court, or you can attend virtually via MS Teams.

Please be advised a training course could change from hybrid delivery to solely virtual delivery. In such an event, we will inform delegates at least one week prior to the course delivery date.

There are a limited number of in-person spaces available on this course and this will be allocated on a first come first served basis.