Allfunds receives UK regulatory authorisation

Third Country Branch

James Baxter-Derrington
clock • 1 min read

Allfunds has been authorised to operate as a Third Country Branch in the UK, bringing the platform under the dual regulation of the Prudential Regulation Authority and the Financial Conduct Authority.

The move has been made in anticipation of the end of the Temporary Permissions Regime for UK branches of European Economic Area-regulated firms. Under its FCA authorisation, the platform will operate under CASS regulatory provisions to offer client assets safekeeping under a UK nominee accounts structure. BlackRock joins AllFunds private markets wealth distribution programme The authorisation demonstrates a "commitment to ensuring strong performance that ultimately underpins the quality of the service received by clients", according to Allfunds UK country head Tom Wooders. "Allf...

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 Companies

Market movements boost Polar Capital AUM by over £1bn in Q4

Market movements boost Polar Capital AUM by over £1bn in Q4

£100m Forager European fund closed

Sorin Dojan
clock 13 January 2025 • 2 min read
BlackRock becomes latest firm to leave global net-zero alliance

BlackRock becomes latest firm to leave global net-zero alliance

Net Zero Asset Managers initiative

Sorin Dojan
clock 10 January 2025 • 1 min read
Impax AM suffers 8.3% AUM drop amid 'high outflows' following loss of SJP mandate

Impax AM suffers 8.3% AUM drop amid 'high outflows' following loss of SJP mandate

Redemptions driven by APAC institutional channel

Cristian Angeloni
clock 09 January 2025 • 1 min read
Trustpilot