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...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes