Consultation opens
04/12/2023
Consultation closes
12/02/2024
12/02/2024
We’re consulting on rules and guidance to integrate the OFR into our Handbook and to enable recognition of overseas funds from jurisdictions approved by the Treasury.
We’re proposing new rules and guidance to put the OFR into operation, so that overseas funds that are authorised and supervised in their home country can:
This consultation discusses how we would recognise funds for offer in the UK, following an equivalence determination by the Treasury under the OFR.
We’re asking for comments on this Consultation Paper (CP) by 12 February 2024.
Please submit your comments, including any feedback, using our online response form or by email.
Or you can write to us at: Asset Management and Funds Policy team, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN.
We’ll consider all feedback. Subject to the responses we receive, we’ll look to publish a final policy statement and final Handbook rules in 2024.
The UK asset management industry is a global industry. Many of the funds offered here are from outside the UK.
The OFR provides a new method for offering an overseas fund to UK retail investors, following an equivalence determination by the Treasury. We’re consulting now to: