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UK announces steps to provide more consumer choice through Overseas Funds Regime

UK announces steps to provide more consumer choice through Overseas Funds Regime
The new regime will support greater competition in the sector and more choice to consumers, supporting industry growth.

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The UK government and the Financial Conduct Authority (FCA) have announced a new Overseas Funds Regime (OFR) that will provide investors with more certainty and access to funds. The new regime will allow overseas investment funds to apply for recognition in the UK and be marketed to British investors. This move aims to support industry growth and provide consumers with more choice in the investment landscape. The government and FCA are committed to maintaining an open and dynamic financial market, fostering competition, innovation, and investor protection. The OFR follows previous reforms that have encouraged growth in the UK's capital markets, unlocking £75 billion in equity funding for businesses.

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