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UK plans to ditch onerous EU retail fund rules ‘as matter of priority’
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The UK government has set out how it plans to ditch EU regulation that require asset managers to produce documentation for retail fund investors, which the industry has for years claimed is misleading.
As part of the UK chancellor's so-called Edinburgh Reforms — a series of measures aimed at removing EU red tape and boosting the City of London's appeal post-Brexit — the government said it wanted to repeal Packaged Retail Investment and Insurance Products rules introduced in 2018 “as a matter of priority”.
“The...
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