A UK funds regime post-Brexit: Making it happen
Since 2017, the New City Initiative (NCI) has been campaigning vigorously for the UK to develop a new branded post-Brexit fund structure based on globally-accepted best practices, which could potentially compete and improve upon the EU’s widely regarded mutual fund wrappers, principally UCITS (Undertakings for the Collective Investments in Transferable Securities) and AIFs (alternative investment funds). If the UK were to successfully establish its own unique fund structure, then it could result in either the onshoring or creation of asset servicing roles in areas such as fund administration - which have historically been based in places like Luxembourg and Ireland.…
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