HMT Call for Input
In January 2021, HM Treasury published a call for input on the future of the UK Funds Regime. The call for input discussed options for improving the current funds regulatory and tax regimes to make the UK a more attractive jurisdiction in which to domicile funds, as well as the possibility of new fund structures that would make the UK a more attractive fund domicile. The IA, together with its Fund Liquidity Management Working Group, formed a response to this call for input.
Bank of England and FCA Joint Survey
In March 2021, the Bank of England and FCA published a report detailing the results of the joint survey on liquidity management in open-ended funds. The survey covered a period of Q4 2019 - Q2 2020, which included the March 2020 market turbulence. This accompanied the March Financial Policy Committee (FPC) report, which announced that it would set out recommendations and liquidity measurement and approaches to fund pricing in July.