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Expectations for authorized fund applicants issued by UK FCA

( February 14, 2025, 13:50 GMT | Official Statement) -- MLex Summary: UK companies applying for collective investment schemes — to be treated as authorized unit trusts, authorized contractual schemes or authorized open-ended investment companies — have received a document outlining the Financial Conduct Authority's expectations. "Incomplete applications are not subject to our normal time limits, and could ultimately be refused," the FCA said.Statement is attached....

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