Treasury facilitates long-term UK market access for European fund managers

Overseas Funds Regime

Valeria Martinez
clock • 2 min read

The Treasury has confirmed that European fund managers will be able to submit applications to the Financial Conduct Authority to market their products to UK investors permanently.

In a statement to MPs today (30 January), economic secretary to the Treasury Bim Afolami said European economic area (EEA) states will now be considered "equivalent" under the Overseas Funds Regime (OFR) for UCITS, excluding money market funds. "The government does not intend to require the funds assessed to comply with any additional UK requirements as part of this equivalence determination at this time," he said.  FCA opens consultation on Overseas Funds Regime The OFR is a new method for overseas investment funds to be sold to UK retail investors after Brexit. The regime was ena...

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