archiveRegulation

The chancellor Jeremy Hunt has assured MPs that the Treasury and Financial Conduct Authority will work “at pace” to deliver much needed solutions to concerns about investment trust cost disclosures.  There are fears current European regulations (Markets in Financial Instruments Directive) can make investment trusts appear too costly and put off investors. Conservative MP John Baron quizzed the chancellor at a Treasury Committee meeting last week (November 28). He said: “These rules are courtesy of overzealous regulation. You are fully aware of the importance of investment trusts; they are a third of all...