The FSA says it needs more time to study the issue of single-pricing regimes currently applied to ope...
The FSA says it needs more time to study the issue of single-pricing regimes currently applied to open ended investment companies (Oeics) and proposed for unit trusts, and said it is unlikely to have a more structured consultation paper ready before the middle of next year. The conclusion is contained in the regulator's discussion paper released on Tuesday, which arose out of the need to address the issue of dealing costs and how those costs should be allocated between different investors within funds. Oeics are currently forced to operate a single-pricing system, in which managers...
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