Perspectives
Where regulation meets the operating model
Regulatory change usually arrives as a deadline. The harder question is what the rule does to the people, entities, approvals and evidence behind a private-capital structure.
2026
This year's changes, as operating questions
Perspectives turns 2026 developments into practical operating questions, in plain English and with the limits made clear. Each article asks what data must be trusted, which decision must be evidenced and what can no longer live in an isolated spreadsheet.
Investor relations · 15 July 2026The new ILPA templates make investor reporting an operating-system problem
ILPA changed the reporting standard. The hard part is not the workbook; it is the definitions, event data and evidence feeding it.Read →
Political economy · 14 July 2026Foreign investment screening is becoming part of the deal model
Economic security is moving from the policy pages into acquisition timetables, ownership charts and closing conditions.Read →
United Kingdom · 13 July 2026Companies House identity verification turns the company register into a live control
A person verifies once, but the compliance work repeats across every company and every role.Read →
Ireland · 12 July 2026Ireland's 2026 fund-rule reset turns liquidity governance into an operating record
Selecting liquidity tools is the visible decision. Keeping documents, delegates and activation evidence aligned is the operating work.Read →
Poland · 11 July 2026KSeF makes invoice authority an entity-governance question
KSeF is not only a tax-system change. It changes who can issue, receive and evidence invoices for every Polish entity.Read →
Italy · 10 July 2026Italy's director PEC rule makes the digital address a governance asset
The first filing deadline has passed. The operating problem begins when officeholders change, addresses lapse or responsibility is unclear.Read →
Spain · 9 July 2026Spain postponed VERI*FACTU. The control problem did not move.
The deadline moved to 2027. The need to understand systems, entities, invoice records and responsibility did not.Read →
France · 8 July 2026France's e-invoicing launch makes September 2026 a portfolio deadline
The launch is not only an accounts-receivable project. Every French entity needs a receiving route, platform decision and accountable owner.Read →
Luxembourg · 7 July 2026Luxembourg's liquidity-tool rules turn fund documents into operating instructions
Selecting the tools, amending the documents and reporting activation through eDesk must operate as one connected control.Read →
European Union · 6 July 2026The EU narrowed CSRD. Group data still matters.
Fewer companies are legally in scope. Every group still needs to know which entities, employees and turnover sit inside the perimeter.Read →Reference
Structuring guides
Longer-lived reference explainers on the instruments behind European structures.