The regulator has put forward proposals to introduce a number of new product classes following the adoption of the EC Product Directive, which extends the range of possible investments in Ucits schemes
The FSA is proposing to broaden the range of investments permitted in UK authorised collective investment schemes such as unit trusts and investment companies with variable capital (formerly known as Oeics). The proposals also allow for the introduction of limited issue and guaranteed funds to enable authorised funds to offer new products that provide some protection against unit price falls. As a result of these changes, fund operators should be able to offer a range of new products, thereby improving consumer choice. The changes are a direct result of the need to implement the recen...
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