In response to a call for input on the UK fund industry, asset management commentators expressed their views across fund taxation, regulation and possible areas for overlapping reform within the Long-Term Asset Fund regime.
In particular, industry professionals declared their continued support for the introduction of Long-Term Asset Funds (LTAFs) into the UK investment landscape, which would allow market participants access to longer-term, less liquid assets like venture capital, private equity, and real estate. New rules, which came into force in November following a period of consultation by the FCA, outlined that LTAFs may be distributed to professional investors, high net worth individuals and sophisticated retail investors. On 16 November 2021, the government laid out a requirement for LTAFs to meet...
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