This bill clarifies how listed closed-end investment companies (LCICs) should be regulated and classified, ensuring they are treated as traded financial instruments rather than collective investment funds requiring ongoing cost disclosures.
A Bill to make provision about listed investment companies; the classification and characteristics of those companies; and for connected purposes.
Status: In Progress
Current House: Commons
Stage: 1st reading
Sponsored by: Baroness Bowles of Berkhamsted, Lisa Smart
Introduced: 2024-09-05