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ARTICLE · 29 OCTOBER 2024

The UK's New Overseas Funds Regime Published

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The FCA's new Overseas Funds Regime simplifies access for qualifying foreign investment schemes to UK consumers, replacing the Temporary Marketing Permissions Regime, while imposing stricter application requirements and fees, and lacking reciprocal arrangements for UK funds in EU markets.

United KingdomFinance and Banking
Kirstene Baillie
Kirstene Baillie

Financial Markets and Productspartner, Kirstene Baillie, recently spoke withTim Hitchcock at Thomson Reuters – Regulatory Intelligence about the Financial Conduct Authority's new Overseas Funds Regime. Below is the full article that was first published on the Thomson Reuters website.

This summer, the UK Financial Conduct Authority (FCA) introduced the Overseas Funds Regime (OFR), which grants qualifying foreign investment schemes easier access to UK consumers. The move recognises asset management's international nature and should increase competition and consumer choice. Conversely, it exemplifies how post-Brexit regulatory equivalence decisions have largely flowed in one direction.

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