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ARTICLE · 20 NOVEMBER 2023

FCA Publishes Feedback Statement On Protection For Long-Term Asset Funds

Norton Rose Fulbright Hong Kong
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On October 30, 2023, the FCA published a feedback statement on coverage under the Financial Services Compensation Scheme for long-term asset funds (LTAFs).

United KingdomFinance and Banking
Lesley Browning
Lesley Browning
Shane O'Reilly
Shane O'Reilly

On October 30, 2023, the FCA published a feedback statement on coverage under the Financial Services Compensation Scheme for long-term asset funds (LTAFs).

In June 2023, the FCA had sought views on whether it might be appropriate to remove FSCS cover for regulated activities relating to LTAFs, but in light of the feedback received, it has decided not to take forward that proposal. Instead, it intends to consider any changes to the scope of FSCS protection for retail investments in the round, rather than excluding activities relating to certain investment products in isolation.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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