The Financial Conduct Authority has published a press statement to announce that it has authorized the first Long Term Asset Fund (LTAF) in UK. The new LTAF regime came into force in October 2021 and is the counterpart to the European ELTIF (European Long Term Investment Fund) regime with targeted enhancements to permit the investment in additional assets and to permit more flexibility of fund managers as regards the proportion of investments in eligible assets.
In this context, the FCA also reminds financial market participants, including those potentially seeking to create and / or manage an LTAF, of the FCA’s ongoing consultation (DP23/2) on potential improvements to the investment fund regulatory regime. Any proposals and views in that regard are highly welcome. Please see Event ID 19824 in this context for more information.
FCA authorises first Long Term Asset Fund
ID
22197
Other Features
AIF
capital management companies
fund management
long-term asset fund
registration
Date Published: 2023-03-09
Regulatory Framework: Retained Alternative Investment Funds Managers Directive (UK AIFMD)
Regulatory Type: information
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