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By Guillaume SCAFFE, Partner Doriane HARDY, Manager at Deloitte Luxembourg
After years of uncertainty for UCITS not marketed in the United Kingdom (UK) before Brexit, the investment management industry could finally breathe again on 30 September 2024, when the UK’s Overseas Funds Regime (OFR) became fully operational. However, in practice, does the OFR really offer streamlined market entry to target retail investors in the UK?
Deloitte Tax Consulting Luxembourg collaborated with the UK’s Financial Conduct Authority (FCA) to test the new OFR application process before its launch. Subsequently, Deloitte submitted applications for UCITS and obtained the first-ever authorization to market under the OFR. This article discusses...
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