AIC advises 'layered' approach to fund regulation in post-Brexit UK

Regulation tailored to the UK specifically

The Association of Investment Companies (AIC) has suggested HM Treasury should take a layered approach to fund regulation once the UK leaves the European Union.

The association has suggested the UK should take advantage of the opportunities offered by Brexit by creating a tailored regime where funds are not limited by European regulation. Such an approach means European rules would only be imposed if the funds were marketed within the EU. Streamlined regulation: What are the long-term benefits of Brexit? This would involve creating new rules for funds which are marketed in the UK and globally, funds accessing the EU on a country-by-country, and those selling into Europe on a passport basis. For the former, only UK rules would apply, but...