Ms Elizabeth Budd


Elizabeth Budd is a financial services regulatory partner with extensive expertise advising asset managers, fund managers, depositaries, wealth managers, fund distributors including platforms and insurance companies on the constantly shifting regulatory landscape in the UK and EU. On the funds side she has established UCITS and AIFs structured as unit trusts, open ended investment companies and limited partnerships on-shore and offshore. She has also advised extensively on the distribution of fund products.

Elizabeth has recently advised on perimeter issues, applications for authorisation and variations of permission, the regulatory implications of employment and LLP disputes in authorised firms and MiFID II. She has worked with a number of fund managers of authorised, unauthorised and listed funds to implement the Alternative Investment Fund Managers Directive and on restructurings of investment funds. For insurance clients she has advised on Part VII transfers, reviewing policy documentation and broker terms.

Legal 500 describes Elizabeth as “respected as a leader in the fund management world” and Chambers describes her as “highly regarded in the investment fund community for expertise and reliable advice”. She is the newly appointed editor to Sweet & Maxwell’s Collective Investment Schemes: The Law and Practice.

Areas of Practice

Financial Services

Year Qualified



Bristol University (1988 Law Degree)