Regulation · Funds

UK rules for overseas funds still require ironing out

The Westminster parliament buildings and the Big Ben in London. Photo via Unsplash CC-BY-2.0.

UK financial regulator the Financial Conduct Authority has announced plans to introduce a new overseas fund regime in April 2024. The FCA has also said it will hold a consultation in advance of the new system taking effect. Investment Officer asked Simon Wright, a London, UK-based Dechert LLP lawyer specialising in UK and EU financial services regulatory matters, for his views on how this will work and affect Luxembourg-based funds.

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