Horizon scanning
28.10.2024 – Articles
The latest thinking from the CSSF and the FCA on private capital markets’ rules.
At ALFI’s recent London conference, we heard from representatives from the CSSF, the FCA and regulatory legal experts. Below is a round of their current thinking on private capital markets’ rules and what’s coming down the line.
UK Post Brexit
Temporary marketing passport regime (TMPR)
The gateway for new funds opened in September
For existing funds, the TMPR is being extended as there are 9,000 funds in scope.
PRIIPS
The UK will be replace these rules (rather than adopt them) as investment decisions and the customer journey has changed since launch of PRIIPs.