Clifford Chance
FCA consults on permitting the long-term asset fund to be marketed to retail investors
8 August 2022
On 1 August 2022, the UK’s FCA issued a consultation paper (CP22/14) in which it consulted on potentially permitting the long-term asset fund (LTAF) to be marketed to retail investors. The LTAF is a recently-introduced type of UK authorised fund that is intended to enable investors to invest in long-term illiquid assets. This significant proposal could serve to broaden retail investors’ access to a range of assets, including private equity, private debt, property and infrastructure.
