Regulatory AlertsPS23/7: Broadening retail access to the long-term asset fund
The Prudential Regulation Authority and Financial Conduct Authority issued Policy Statement 23/7 to broaden retail investor access to long-term asset funds. The document outlines final rules and guidance designed to allow retail investors to invest in these funds, which typically target higher returns through illiquid assets. This regulatory change aims to diversify investment options for retail clients while managing associated risks through specific suitability and liquidity requirements.
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