Treasury green-lights sale of new EU funds into UK regardless of Brexit outcome

UK investors' access to new EU funds secured in event of no-deal Brexit

UK investor access to UCITS and Alternative Investment Fund (AIF) sub funds will continue unimpeded in the event of a no-deal Brexit, HM Treasury has confirmed.

Following industry lobbying, the Treasury has allowed EU-domiciled sub funds launched after the 29 March 2019 - when the UK is scheduled to leave the EU - to be marketed and sold into the UK, via an amendment to the Temporary Permissions Regime (TPR). Brexit Blog: May's office confirms vote will go ahead on 11 December The government's TPR allows for relevant EEA financial services firms and funds to continue to access the UK market while seeking full authorisation or recognition in the UK. The ammendment to allow sub-funds will apply to umbrella funds registered under the TPR prio...