EU targets 'letter box' funds run from overseas in post-Brexit crackdown - reports

Set to broaden rules remit

clock • 1 min read
EU "letter box" fund crackdown
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EU "letter box" fund crackdown

The European Union has reiterated concerns over “letter box” entities run from outside the bloc following the UK’s departure from the bloc.

The European Commission was already reviewing separate rules for alternative investment fund managers, but is expected to broaden the remit with proposals for reform set to be revealed on Tuesday (23 November)....

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