The unintended consequences of regulations in asset management
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Prescient Asset Management

  Prescient Asset Management   Q3 of 2023 | 3 years ago

In early July, Lloyds, the London- based insurer, came under fire from asset managers when it allegedly told its members that Irish and Luxembourg Undertakings for the Collective Investment in Transferable Securities (UCITS) funds will “no longer be acceptable assets for Funds at Lloyds”. The reason they gave was the onerous due diligence requirements following regulatory changes in the EU earlier in the year.


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