Law & Tax Firms · Regulation · Funds

UK takes step forward into fog on Ucits post Brexit

Photo by Tuna Ekici on Unsplash.

The UK has taken a further cautious step towards the permanent regime which will govern access to its market for EU-based Ucits funds. This came with the introduction of regulations establishing the Overseas Funds Regime (OFR) on 23 February. This gives a clearer but still incomplete picture of how Luxembourg-based retail funds could access UK-based investors over the long term. 

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