EU targets 'letter box' funds run from overseas in post-Brexit crackdown

clock • 2 min read
EU targets 'letter box' funds run from overseas in post-Brexit crackdown

The European Union has reiterated concerns over "letter box" entities run from outside the bloc following the UK's departure from the bloc. The European Commission was already reviewing separate rules for alternative investment fund managers, but is expected to broaden the remit with proposals for reform set to be revealed on Tuesday (23 November). With asset managers in London managing funds listed in Luxembourg and Dublin, Brussels is said to be concerned it will end up with so-called...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login