UK government consults on a new overseas fund regime

The UK government has published a consultation on how overseas retail and money market funds can be marketed to retail investors in the UK following the end of the Brexit transition period. They are proposing a new overseas fund regime which will give HM Treasury powers to determine whether an overseas fund is “equivalent” to a UK authorised fund and, if so, can benefit from a fast track to be recognised and registered for marketing to retail investors in the UK. The government is also proposing some minor changes to the existing regime to recognise individual funds for marketing to retail investors in the UK.

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