Economic secretary commits to investment trust even playing field

Minister was grilled on Edinburgh Reforms and crypto industry

clock • 3 min read

Economic secretary at HM Treasury Andrew Griffith said he would work with industry bodies and other politicians to ensure investment trusts are treated fairly with regards to retail disclosure and beyond.

In a Treasury Select Committee meeting yesterday (10 January), the first of 2023, the minister was grilled on the Edinburgh Reforms and the crypto industry. Committee member John Baron applauded the removal of the PRIIPs regime and the launch of government and regulatory consultations. However, he went on to say the current consultation from the Financial Conduct Authority remains "woolly" and raised concerns about their proposals, performance and risk analysis. He asked the minister about his goals for the reform. In response, HM Treasury deputy director, financial services strate...

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