The Financial Services Authority is considering scrapping a requirement to adopt only single pricing on open-ended investment companies (Oeics) and might allow fund managers to decide for themselves how to price the units of all investment funds.
According to a consultation paper issued this morning, the FSA needs to review the current pricing structure of authorised unit trusts (Auts) and Oeics as the two offerings currently operate on different pricing regimes, and the arrival of new FSA rules on fund management requires the situation be harmonised. The FSA points out in CP 06/07 - Single and dual pricing for authorised collective investment funds – implementation of the Collective Investment Schemes Sourcebook (COLL) in 2007 in theory means all existing unit trusts would have to change from a dual pricing regime to single prici...
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