Fraud Law Puts Fund Managers Under Compliance Spotlight (Law360)

Goodwin partner Andrew Henderson details how the Economic Crime and Corporate Transparency Act 2023 (ECCTA) is not new. It has already affected the UK-based managers of private equity, venture, and other alternative investment funds through its reforms to UK limited partnership law, principally to tighten registration requirements and increase transparency. With the failure to prevent fraud (FTPF) offense in force (as of September 1, 2025), the ECCTA further affects managers. Managers will need to show they are aware of, and have considered, the impact of the ECCTA’s FTPF provisions on their businesses and compliance policies. They will also need to demonstrate that they have taken into consideration the government’s FTPF guidance, published in November 2024.

Read the Law360 article to learn what questions managers and the lawyers who advise them should consider when assessing the scope and effect of the FTPF offense.