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FCA Update: New Authorized Fund Regime, RegData Data Collection Platform


FCA Update: New Authorized Fund Regime, RegData Data Collection Platform
Friday, May 14, 2021
FCA Consults on New Authorized Fund Regime for Investing in Long-Term Assets
On May 7, the Financial Conduct Authority (FCA) published a consultation paper on a new UK-authorized fund regime for investing in long-term assets (CP21/12). These assets are often called productive finance and include venture capital, private equity, private debt, real estate and infrastructure investments.
The FCA proposes a new category of open-ended fund called a long-term asset fund (LTAF). A new chapter in the Collective Investment Schemes sourcebook will contain LTAFs rules. Authorized fund managers will also need to comply with rules in other sourcebooks, including PRIN, FUND, COBS and SYSC. ....

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FCA Reminder to UK Firms to Review Their Regulatory Permissions


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US surgeon general says Covid-19 projections are "scary," but urges Americans to keep following precautions


US surgeon general says Covid-19 projections are scary, but urges Americans to keep following precautions
US Surgeon General Jerome Adams speaks with CNN on Sunday, January 3. CNN
US Surgeon General Jerome Adams called on the American people to continue to take Covid-19 precautions as cases surge following the Thanksgiving holiday, and the impacts of travel over the Christmas holiday continue to unfold.
I want people to know the projections are pretty scary, but they are projections. What we do now matters. If you gathered over the holidays outside of your household without a mask, there are still measures you can take right now, Adams told CNN s Jake Tapper. ....

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