The FSA is leaning towards adopt a single listing regime for all UK and overseas closed-ended invest...
The FSA is leaning towards adopt a single listing regime for all UK and overseas closed-ended investment funds, following feedback on initial proposals. Hector Sants, FSA wholesale managing director, said the authority had been persuaded by review responses indicating a preference for a single regime. The initial consultation suggested a dual regime, with less stringent rules for overseas companies. “There were a large number of responses to the consultation with general agreement on the objective of making the UK regime more attractive to less traditional funds," added Sants. A con...
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