BVCA

As we approach the end of another AGM season, the issue of ESG has been in the crosshairs of many shareholders.

With effect from 19 January

The Association of Investment Companies (AIC) has warned offshore investment trusts and UK REITs could be under threat from FSA proposals to ban promotions of unregulated collective investment schemes (UCIS) to ordinary retail investors.

The British Private Equity and Venture Capital Association (BVCA) is holding talks with Treasury officials over the FSA's proposal to restrict VCT and EIS sales to sophisticated investors.

The AIFM directive was drafted by the EU in response to what it saw as an absence of common regulatory standards for non-Ucits investment vehicles and there are six key issues that specifically affect the UK-listed closed-ended fund sector.