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The House of Lords has called on the FCA to take urgent action in resolving the problems caused by the cost disclosure regime on investment trusts.
Fund managers have argued the issues plaguing UK capital markets stretch beyond the Financial Conduct Authority’s listings regime reforms.
Jeremy Hunt has said the government is pressing the FCA to develop short-term solutions to resolve investment trust cost disclosure issues
The FCA will allow investment trusts and any funds invested in these vehicles to provide a breakdown of costs.
On Wednesday, Jeremy Hunt addressed parliament for his third fiscal event since taking on the role of chancellor under then PM Liz Truss.