Anna Maleva-Otto concentrates her practice on advising asset managers and brokers on a range of UK financial services regulatory matters, including the impact of EU directives and regulations. She advises clients on the establishment of regulated businesses, financial crime (including market abuse, money laundering and bribery), financial promotion and offers of securities, regulatory reporting and disclosure obligations, regulatory capital and conduct of business rules. She frequently participates in industry working groups in connection with new and emerging regulatory initiatives and has advised on several key pieces of recent EU legislation (including GDPR, Short Selling Regulation, Alternative Investment Fund Managers Directive, MiFID II, MAR, PRIIPs Regulation, EMIR and SFTR). Anna began her career as a regulatory consultant assisting clients in the financial services sector with the design and implementation of compliance procedures, conduct of internal compliance investigations, compliance audits and remediation exercises. She is admitted to practice in England & Wales and New York.

Anna is listed in The Legal 500 UK as a “Recommended” lawyer advising on “regulatory issues.” In Chambers UK, Anna is listed as a “Recognised Practitioner” in Financial Services: Non-contentious Regulatory. She was also named among the world’s “50 Leading Women in Hedge Funds” by The Hedge Fund Journal. Anna frequently speaks on a wide range of topics, including MiFID II, market abuse and insider dealing. A sought-after thought leader, Anna recently worked with AIMA to produce “MiFID2  A Guide for Investment Managers” and authored the “Insider Trading Law in the United Kingdom” chapter in Insider Trading Law and Compliance Answer Book (Practising Law Institute). She also co-authored “Brexit: What Alternative Asset Managers Can Expect,” and “Cross-Border Implementation of MiFID II Research Provisions — SEC No-Action Relief to Investment Advisers and Broker-Dealers and European Commission Guidance,” both published in The Hedge Fund Journal. Anna received her JD from Emory University School of Law and her MA from Saint Petersburg State University (Russia).

Publications

“Insider Trading Law and Commodity Interests” and “Insider Trading Law in the United Kingdom,” Insider Trading Law and Compliance Answer Book (Practising Law Institute), 2017-2019

Hedge Funds: Formation, Operation and Regulation (ALM Law Journal Press) (co-author)

Private Equity Funds: Formation and Operation (Practising Law Institute) (contributor)

“Quantitative Investment Manager Sanctioned by the SEC: Lessons for Private Fund Managers,” SRZ Alert, 5 Sept. 2018 (co-author); republished in Law360, 6 Sept. 2018

Cross-Border Implementation of MiFID II Research Provisions — SEC No-Action Relief to Investment Advisers and Broker-Dealers and European Commission Guidance,” SRZ Alert, 31 Oct. 2017 (co-author); republished in The Hedge Fund Journal, October 2017

“Why Managers Should Be Wary of Priips,” HFMWeek, 13 Sept. 2017 (quoted)

“MiFID II: Final FCA Rules Published,” SRZ Alert, 10 July 2017 (co-author); republished in The Hedge Fund Journal, July 2017

“MiFID II and MiFIR: Q&A with Schulte Roth & Zabel's London Office,” The Hedge Fund Journal, February 2017 (interview)

MiFID2 — A Guide for Investment Managers (AIMA in association with SRZ) February 2017 (co-author)

“AIMA Publishes MiFID II Guide For Investment Managers,” FINalternatives, 3 Feb. 2017 (quoted)

What Life Under MiFID II Will Mean for U.S.-based Advisers and Affiliates,” IA Watch, January 2017 (quoted)

“Short Selling Update: New Disclosure Rules in Norway,” SRZ Alert, 22 Dec. 2016 (co-author)

“Further Delay Likely Before the AIFMD Marketing Passport Is Extended to Non-EU Jurisdictions,” SRZ Client Alert, 1 Aug. 2016 (co-author); republished in The Hedge Fund Journal, September 2016

“Brexit: What Alternative Asset Managers Can Expect,” SRZ Alert, 13 July 2016 (co-author); republished in The Hedge Fund Journal, July/August 2016

UK and European Regulatory Trends Update,” The Hedge Fund Journal, July/August 2016 (quoted)

“CLOs and Risk Retention in the U.S. and EU: Complying with the Rules,” The International Comparative Legal Guide to: Securitisation 2016 (Global Legal Group) (contributor)

“Navigating FCA and SEC Cybersecurity Expectations (Part Two of Two),” The Hedge Fund Law Report, 14 Jan. 2016 (quoted)

“The SFT Regulation Comes into Effect on 12 January 2016,” SRZ Alert, 12 Jan. 2016 (co-author); republished in The Hedge Fund Journal, January 2016

“Navigating FCA and SEC Cybersecurity Expectations (Part One of Two),” The Cybersecurity Law Report, 6 Jan. 2016 (quoted); republished in The Hedge Fund Law Report, 7 Jan. 2016

“US Fund Managers Broaden EU Marketing Options,” Compliance Reporter, 23 Dec. 2015 (quoted)

“AIFMD Update: ESMA Advice on Extension of Marketing Passport Published,” SRZ Alert, 3 Aug. 2015 (co-author); republished in The Hedge Fund Journal, August 2015

“Marketing Alternative Funds in Europe: A Changed Landscape,” Risk & Compliance Magazine, January – March 2015 (co-author)

“Final UK Rules on AIFMD Implementation,” The Hedge Fund Journal, 19 Aug. 2013

“Changing the Guard — What to Expect from the UK’s FCA,” AIMA Journal, June 2013

“Uncertain Future,” Funds Europe, June 2013

Speaking Engagements

Maples and Calder Investment Funds Forum, Grand Cayman, Cayman Islands, February 2019

SRZ Breakfast Briefing: MiFID Requirements for UK firms: Areas of Change and Consistency, London, January 2019

IMG The European Union’s General Data Protection Regulation (GDPR) Requirements, New York, January 2019

“Regulatory Outlook,” SRZ 28th Annual Private Investment Funds Seminar, New York, January 2019

“Privacy Regulations: From California to the E.U.,” Fasano Associates 15th Annual Longevity Conference, Washington, DC, November 2018

SRZ How Will Brexit Impact U.S. Managers?, New York, November 2018

“Preparing for Brexit and Other Regulatory Headwinds,” UBS Hedge Fund COO Conference, October 2018

“Preparing for the SMCR: Identifying Priorities and Building a Compliance Timeline,” HFM European Operational Leaders and Legal Summit, September 2018

“Regulatory Outlook,” SRZ London Investment Management Hot Topics, July 2018

“EU Regulatory Update for US Private Fund Managers,” SRZ Webinar, May 2018

SRZ Systematic and Quant Strategies: Regulatory Developments, January 2018

“Running a Global Investment Firm” and “Trends in EU Regulation,” SRZ 27th Annual Private Investment Funds Seminar, New York, January 2018

Cowen MiFID II Breakfast, December 2017

“MiFID II — The Final Checklist,” ACA Compliance (Europe) Regulatory Horizon 2018, November 2017

Goldman Sachs 15th  Annual Hedge Fund Seminar, November 2017

SRZ MiFID II: Payments for Research in a Cross-Border Context, November 2017

Position Limits — MIFiD and CFTC,” SRZ Webinar, October 2017

“MiFID II: How Do You Get the Best Deals For You and Your Investors?” & “Fighting Financial Crime: Reviewing the GDPR, the Criminal Finances Bill, and Other Measures,” HFM European Operational Leaders and Legal Summit, London, September 2017

The New Form ADV — Strategy and Preparation,” SRZ Webinar, September 2017

Duff & Phelps MiFID II – Implications for Third Country Firms, London, September 2017

“Preparing for MiFID2,” AIMA Next Generation Manager Forum 2017, London, July 2017

UBS MiFID II – Payment for Research, London, June 2017

UBS MiFID II – Impact on Market Structure and Transparency, London, May 2017

“Predicting the Future – New Regulations, New Products, New Markets,” ALFI London Conference, May 2017

AIMA MiFID2 Implications for U.S. Investment Managers, New York, April 2017

“Regulatory Outlook,” SRZ London Investment Management Hot Topics, March 2017

AIMA MiFID2 – A Guide for Investment Managers Launch Event, February 2017

“Key Regulation & Compliance Priorities,” Informa Hedge Fund Operational Forum, London, January 2017

“Regulatory Outlook,” SRZ 26th Annual Private Investment Funds Seminar, New York, January 2017

“Sailing the Upward Curve,” Sector School The Fortunes of Asset/Investment Management Seminar, London, November 2016 

“Regulatory Landscape — Regulations Impacting Investment Management,” JP Morgan The COO of Tomorrow Program, London, October 2016 

SRZ Systematic and Quant Strategies: Current Trends and Challenges, New York, September 2016

“Preparing for MiFID II Without Succumbing to Regulatory Fatigue,” HFMWeek European Operational Leaders & Hedge Fund Legal Summit, Hertfordshire, England, September 2016

Wilson Willis Management Hedge Fund Business Forum, London, May 2016

“Market Abuse and Insider Dealing,” UBS Breakfast Roundtable, London, March 2016

“Regulatory Outlook,” SRZ London Investment Management Hot Topics, March 2016

“The New Regulatory Challenges,” SRZ 25th Annual Private Investment Funds Seminar, New York, January 2016

“Trading Compliance and CFTC Updates,” SRZ London Breakfast Briefing, October 2015

“Systematic and Quant Strategies: Current Trends and Challenges,” SRZ London Breakfast Briefing, October 2015

Moderator, “Is the Passport a Worthy Carrot to the AIFMD Stick?,” IIR & IBC Financial Events UCITS & AIFMD London 2015 Conference, September 2015

“Blocks on the Road Ahead: What Will Replace AIFMD as the Key Issue Facing the Industry?,” HFMWeek Operational & Legal Summits, Hertfordshire, England, September 2015

“Regulation: It’s Here, Deal With It and Work It to Your Advantage,” ICBI GAIM International 2015 Conference, Monaco, June 2015

“Policy and Regulation: What’s New on the Horizon,” Hedge Fund Business Forum, London, April 2015

“Protecting the Business: Regulatory Risks and Outlook,” SRZ London Investment Management Hot Topics, March 2015

SRZ US and UK Insider Trading Breakfast Briefings, London, March 2015

“Marketing Challenges: U.S. and EU Considerations,” SRZ 24th Annual Private Investment Funds Seminar, New York, January 2015

SRZ AIFMD and Other EU Regulatory Issues Roundtable, New York, December 2014

“AIFMD, Marketing, Annex IV Reporting and the Swiss CISA,” Goldman Sachs Twelfth Annual Hedge Fund Seminar, New York, November 2014

Distinctions

  • The Hedge Fund Journal’s 50 Leading Women in Hedge Funds
  • The Legal 500 United Kingdom
  • Chambers UK