Publication
Low carbon projects
Low carbon projects, especially those involving hydrogen and Carbon Capture and Storage (CCS), play a crucial role in the journey towards global decarbonisation.
FCA publishes policy statement on broadening retail access to long-term asset fund
United Kingdom | Publication | July 2023
On June 29, 2023, the FCA published a policy statement on broadening the range of investor access to the long-term asset fund (LTAF) and setting out final rules to give retail investors and more DC pension schemes access to LTAFs. LTAFs are a new category of investment fund providing investor access to long-term illiquid assets such as venture capital, real estate and infrastructure. Previously, access was limited to DB schemes and the default arrangement within qualifying DC schemes.
The final rules came into force of July 3, 2023, and subject LTAFs to additional protections under the FCA's high risk investment framework.
The FCA is seeking views by August 10, 2023, on whether the protections of the Financial Services Compensation Scheme (FSCS) should be available for LTAFs. The FCA wishes to establish a clear position on this before LTAFs are launched to retail consumers, and if it decides to take this forward will consult quickly on the scope of FSCS protection for LTAFs.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Navigating the IPO
Taking your company public is an important milestone, and whilst the landscape for IPOs is complex and dynamic, choosing the right path is essential.
Publication
Essential Corporate News – Week ending 18 July 2025
On 15 July 2025 the Financial Conduct Authority (FCA) published its final rules in relation to reform of the UK prospectus regime (see PS 25/9: New rules for the public offers and admissions to trading regime), largely adopting the approach proposed in its consultation last summer. This is the latest step in the process of reforming the UK’s capital markets, following on from the overhaul of the UK Listing Rules (UKLR) in 2024.
Subscribe and stay up to date with the latest legal news, information and events . . .