Publication
The Overseas Funds Regime: Where are we now and what should firms be doing?
HM Treasury (HMT) and the Financial Conduct Authority (FCA) jointly published a roadmap to implementing the Overseas Funds Regime (OFR) on 1 May 2024, along with further information for firms on planned next steps and timeframes for bringing the OFR into force. In this briefing, we outline the legislation that is already in place in relation to the OFR, the progress made so far towards implementing the regime, the planned timeframe for implementation, and practical steps firms should be taking now to prepare.