Treasury green-lights sale of new EU funds into UK

Following industry lobbying, the Treasury has allowed EU-domiciled sub funds launched after the 29 March 2019 - when the UK is scheduled to leave the EU - to be marketed and sold into the UK, via an amendment to the Temporary Permissions Regime (TPR). The government's TPR allows for relevant EEA financial services firms and funds to continue to access the UK market while seeking full authorisation or recognition in the UK. The ammendment to allow sub-funds will apply to umbrella funds registered under the TPR prior to 29 March. No such equivalent has been offered by EU authorities. ...