Regulatory AlertsPS24/7: Implementing the Overseas Funds Regime
The Financial Conduct Authority issued Policy Statement PS24/7 to finalize rules and guidance for the Overseas Funds Regime, enabling equivalent overseas funds to market to UK retail investors. The document establishes requirements for recognition applications, ongoing change notifications, and enhanced disclosures regarding limited access to the FSCS and FOS. These measures aim to balance streamlined market access with consumer protection by allowing the FCA to assess risks and refuse recognition for funds posing potential harm.
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