The FCA’s recently published discussion paper on open-ended funds with illiquid assets suggests a radical change that could alter the way funds are structured.
While there are those who will lament the loss of duration hedging, ESMA’s recently published opinion levels the playing field for UCITS share classes across the EU.
It’s easy to see why master feeder funds have emerged as potential solution for Brexit. The big question is: will it work?
ESMA’s proposal for full account segregation doesn’t necessarily fix the problem of timely investor restitution and could have broader implications for the asset management industry.
Last month we asked our On The Regs readers their thoughts on the impact of Brexit on financial regulation. Here are the results: