Regulatory AlertsCP24/18: Quarterly Consultation Paper No. 45
The Financial Conduct Authority proposes amendments to the Handbook definition of 'firm' to ensure designated coordination bodies are subject to enforcement powers under the new access to cash regime. The regulator also seeks to widen access to long-term asset funds by exempting them from restrictive second scheme rules for non-UCITS retail schemes, thereby facilitating investment by defined contribution pension schemes. These changes aim to remove barriers to retail investment in illiquid assets while maintaining investor protection through clarified liquidity and redemption requirements.
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