Our Tax Expert Group has advised on our response to FSA Consultation CP12/19, which proposes to ban the promotion of UCIS and close substitutes to ordinary retail investors in the UK. We noted that we do not agree with the proposals outlined in CP 12/19, as it would severely limit the investor access to Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EIS).
QCA Response to FSA Consultation CP12/19 – Restrictions on the retail distribution of unregulated collective investment schemes and close substitutes
Our Tax Expert Group has advised on our response to FSA Consultation CP12/19, which proposes to ban the promotion of UCIS and close substitutes to ordinary retail investors in the UK.
