The FSA will be able to authorise tax-transparent funds by the summer of 2012 after the government moved to introduce the products through secondary legislation.
Financial Secretary to the Treasury Mark Hoban MP, speaking at the IMA Chairman's Dinner last night, gave the green-light after saying tax-transparent vehicles will not need to go through primary legislation....
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Remains open to existing investors
Chairs first meeting this afternoon
Effective from 1 December
Still 66% women in lower quartile