The Investment Association (IA) has revealed a package of measures submitted to the Treasury in June, which it hopes will lay the foundation of the UK funds industry in the future.
The trade body's measures also include further details about the establishment of a new Long-Term Asset fund (LTAF) regime for the UK, which will allow investors to better access illiquid assets without some of the pitfalls inherent in existing fund structures like UCITS. In addition to the LTAF, the IA's package of measures includes a radical simplification of the FCA's fund rules as well as the establishment of a new forum for dialogue between the UK funds industry, regulators and related Government officials. Investment Week understands the Treasury and Government officials could ...
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