In a previous Fried Frank memorandum (October 26th, 2006) we described how the UK tax authorities ("HMRC") had issued revised draft guidance by way of a draft Statement of Practice on the application of the investment manager exemption.
Fried Frank's 750 lawyers are located in the key financial and government centers of New York, Washington, DC, London, Frankfurt and Brussels. We proudly serve many of the world’s leading corporations, investment funds and financial institutions. Three key elements define the success of Fried Frank: Our clients, our people and our performance. By delivering excellence to our clients, we achieve success for all. While doing so, we are committed to being a workplace of inclusion, where talented professionals from all backgrounds can collaborate, thrive and guide our clients forward.
Click here to read the latest news, legal developments and thought leadership from our lawyers. Visit www.friedfrank.com to learn more about Fried Frank.

Estate Planning 2026 - Virtual Conference
MBL Seminars | 5 CPD hoursActing for Farmers & Landowners - Tax Risks & Negligence Traps - Live at Your Desk
MBL Seminars | 6 CPD hours2026 Hot Topics in International Tax - A Year of Change - Learn Live
MBL Seminars | 3 CPD hours