FCA moves ahead with LTAF
The FCA has confirmed that it will be taking forward proposals to create a new type of open-ended authorised investment fund.
The regulator has finalised its rules for the long-term asset fund (LTAF), which aims to support investment into asset classes including private equity, venture capital, private debt, real estate and infrastructure.
“We are supporting fresh collaborative thinking designed to improve the effectiveness of UK markets while protecting standards,” commented Nikhil Rathi, chief executive of the FCA.
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