UK raises questions over EU fund regulation suitability post-Brexit

As part of the Brexit agreement, the UK said EU fund regulation would be considered "equivalent" until the end of 2025. As a result, EU-based funds can still use passports to sell to UK investors. However, as the deadline approaches the "equivalence" regime looks under threat. This would mean that EU fund managers may need to go through regulatory hurdles, offer UK-based investor structures or stop offering some products in the UK. In a Treasury Select Committee on 16 January, Bank of England governor Andrew Bailey stressed concerns around money-market funds. Money-market funds cau...