IEA calls for UK to set up regulatory framework to replace UCITS

UK should develop its own authorised retail investment scheme

The Institute of Economic Affairs (IEA) has called for the UK to set up a regulatory framework to replace UCITS and encourage EU-domiciled funds managed from London to move their domicile out of the EU post Brexit.

In a recent report on financial services regulation post Brexit, authors Shanker Singham and Catherine McBride suggested the UK should develop its own authorised retail investment scheme that could replace...