Economic secretary commits to even playing field for investment trusts

Continues to back crypto

Economic secretary at HM Treasury Andrew Griffith said he would work with industry bodies and other politicians to ensure investment trusts are treated fairly with regards to retail disclosure and beyond.

In a Treasury Select Committee meeting today (10 January), the first of 2023, the minister was grilled on the Edinburgh Reforms and the crypto industry. Committee member John Baron applauded the removal of the PRIIPs regime and the launch of government and regulatory consultations. However, he went on to say the current consultation from the Financial Conduct Authority remains "woolly" and raised concerns about their proposals about performance and risk analysis. He asked the minister his goals for the reform. In response Daniel Rusbridge, deputy director, financial services strate...