In September, the Treasury and the FCA have moved to temporarily make investment trusts exempt from complying with cost disclosure requirements with the aim of bringing in wider reforms next year.
Last night (7 October), on the government’s first day back from recess, policymakers published draft legislation for a new statutory instrument called ‘The Packaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024′, giving an insight into the long-term plans to resolve a years-long issue with investment trusts.
Previously, trusts were subject to…
Read the full article here
