A recent paper published by the New City Initiative (NCI) proposes that the UK government set up a dual funds regime to help asset managers deal with many of these worst case scenarios of Brexit. “A dual funds regime would allow UK managers with EU interests to continue to comply with EU laws and directives and retain favourable access to their EU investors, while simultaneously letting others market to the rest of the world ex EU, and avoid the worst excesses of EU regulation. Such a regime may also enable fund managers to avoid re-structuring their businesses to onshore EU locations such as Ireland and Luxembourg providing equivalence for the UK is granted.”
Please click on the link for the full paper NCI Paper, A New Regime for Asset Management – Final

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