United Kingdom · Question · Written question
HL HL4017
Financial Services: Foreign Investment in UK
Introduced
22 April 2024
Last action
2 May 2024 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
2 May 2024
Summary
To ask His Majesty's Government what assessment they have made of the impact of the delay of the Overseas Funds Regime on the UK's attractiveness to overseas asset managers; and what steps they are taking to mitigate any negative effects.
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Timeline
22 April 2024
Written question
To ask His Majesty's Government what assessment they have made of the impact of the delay of the Overseas Funds Regime on the UK's attractiveness to overseas asset managers; and what steps they are taking to mitigate any negative effects.
Source: Lords
2 May 2024
Answer
The UK’s world-leading asset management sector is the second largest by assets under management, 48% of which are managed on behalf of overseas investors. The Overseas Funds Regime was legislated for in the Financial Services Act 2021, to create a more st...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2024-04-22/HL4017
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1712656
- uk · wq-1712656 · source updated 2 May 2024