Statement on fund authorisations

Published: 30/10/2013   Last Modified : 30/10/2013

The UK is a global centre for asset management - robust and efficient fund authorisation is essential to maintain the strength and competitive advantage of the sector.

The FCA is working towards reducing the time it takes to authorise non-UCITS retail schemes and Qualified Investor Schemes. The current statutory timeframe for these schemes is a maximum of six months. Our new regime will initially aim to significantly reduce these timeframes to:

  • three months for Non-UCITS retail schemes
  • two months for Qualified Investor Schemes (QIS)

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