The UK’s Overseas Funds Regime – a client note

As we reported at the time, the FCA has now published CP23/26, "Implementing the Overseas Funds Regime' (the CP).

The CP sets out rules for operationalising the Overseas Funds Regime (OFR) under which overseas schemes will be able to market to UK retail investors.

The FCA has requested feedback on the CP by Monday 12 February 2024.

We have produced a client note, in which we look at the key issues contained in the CP, namely

• How firms can apply to the FCA for recognition of their funds
• What on-going notification obligations firms will be subject to while in the OFR
• Enhanced pre-contractual disclosure obligations when using the OFR
• The impact on how firms approve financial promotions used when marketing EU UCITS within the OFR and
• What next steps EU Management Companies need to be considering now.