The Financial Conduct Authority has opened its consultation into the Overseas Funds Regime, which will streamline the marketing of non-UK domiciled funds to UK retail investors.
The OFR has been designed by parliament to allow foreign funds to be marketed in the UK from jurisdictions deemed to have equivalence to the UK. FCA unveils final SDR rules including fourth 'Mixed Goals' label for 'blended strategies' The FCA said the consultation will give global asset managers enough time to prepare for the regime's implementation. Decisions on equivalence will reside with the UK Government, the regulator explained, although the FCA "may consult" about additional investor protection requirements "following each decision by government". The FCA has proposed tha...
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