UK disadvantaged by EU rules

Professional Adviser
clock

EU fund managers will have a level of access to the UK market which will be denied to UK groups look...

EU fund managers will have a level of access to the UK market which will be denied to UK groups looking to sell into Europe under a forthcoming Ucits directive. The directive, just approved by the European Council, includes a proposal allowing groups domiciled within the EU to sell into other member states without having to set up a localised management company in these markets. The UK is one of a number of states that would be disadvantaged under these current passporting plans. Groups would only be able to enter countries that have Oeics or Sicavs on this basis, for example ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •