The joint roadmap for implementing the Overseas Funds Regime (OFR), published by HM Treasury and the Financial Conduct Authority (FCA) in May 2024, indicated that the FCA’s final rules and guidance would be published shortly, before they enter into effect in July 2024.
In our new 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.
For further discussion on the OFR, please see our previous podcast on the topic.