Treasury and FCA unveil roadmap to the Overseas Funds Regime

Equivalence for EEA funds

Cristian Angeloni
clock • 1 min read

The Treasury and Financial Conduct Authority have revealed a ‘roadmap’ for the implementation of the Overseas Funds Regime (OFR).

The regulation will allow funds based in the European Economic Area (EEA) to apply to become recognised in the UK and be marketed to British investors. Both Treasury and FCA said given the majority of funds available to UK retail investors are based in EEA, the OFR will ensure consumers can "benefit from the choice these funds provide", with the assurance they come from a country with "equivalent consumer protections", they said. Europe-domiciled funds exempt from Consumer Duty requirements under Overseas Funds Regime The regime will replace the current post-Brexit transitional agr...

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

Join now

 

Already an Investment Week
member?

Login

More on Regulation

SEC chair: Open up rules to make US 'crypto capital of the planet'

SEC chair: Open up rules to make US 'crypto capital of the planet'

Paul Atkins said it is 'a new day at the SEC'

clock 13 May 2025 • 4 min read
FCA closes almost 500 whistleblowing cases in Q1 with majority requiring 'no action'

FCA closes almost 500 whistleblowing cases in Q1 with majority requiring 'no action'

281 new reports in Q1

Eve Maddock-Jones
clock 13 May 2025 • 2 min read
FCA bolsters access to investment research

FCA bolsters access to investment research

New flexibility for investment funds

Patrick Brusnahan
clock 09 May 2025 • 1 min read
Trustpilot