UCIS Legislation Misses The Point

 

The Financial Conduct Authority (FCA) recently announced new laws regarding the promotion of Unregulated Collective Investment Schemes (UCIS) in a bid, they say, to protect inexperienced investors from what they believe to be a risky financial product.

However, in my view, while much of the rationale behind the decision is sound, the outcome is not. It misses the point and is likely to harm those seeking financial growth in a time of reduced lending.

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