Treasury says investment trust regime is strong enough

clock

The Treasury has now decided to leave the existing structure of investment trusts regulation unchanged, following its consultation with the industry, says the Association of Investment Trust Companies.

Officials at the investment trust trade body point out several changes have been made to the IT regime since the Treasury Select Committee recommended in February 2003 tighter regulations were needed. The Treasury opened a public consulation earlier this year on the matter to deal with the complaints made by the Select Committee. But since the TSC published its 2003 report - in light of the split-caps debacle - the Financial Services Authority has amended listing and conduct of business rules while the AITC has introduced its own corporate governance code. As a result, the Treasury...

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 Your profession

Winning back trust: How advisers rebuild client relationships after a breakdown

Winning back trust: How advisers rebuild client relationships after a breakdown

‘I think we need to be better’

Sahar Nazir
clock 04 August 2025 • 5 min read
PensionBee petitions government on ten-day pension switch guarantee

PensionBee petitions government on ten-day pension switch guarantee

Calls for action on pension transfer delays

Sahar Nazir
clock 04 August 2025 • 2 min read
Professional Adviser TV: Growth of MPS market 'dependent' on FCA's retirement review

Professional Adviser TV: Growth of MPS market 'dependent' on FCA's retirement review

Advisers moving away from ‘one size fits all' MPS solution

Professional Adviser
clock 01 August 2025 • 1 min read