A dark cloud that had loomed over the investment trust sector for the past two-and-a-half years has finally parted.
On Thursday (19 September), the Financial Conduct Authority and the government took steps to temporarily exempt investment trusts from cost disclosure requirements, with the goal of bringing in reforms next year From now on, at least in the interim, London-listed investment trusts will not be required to publish a KID document, while the requirement to report an aggregated cost of all investment trusts owned will be removed. The UK's new retail disclosure regime is expected to be in place in the first half 2025, with plans for the regulator to consult on proposed rules for a new fram...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
