23 Sep 2020

The Retail Funds Committee has been especially busy over the past quarter dealing with the ongoing FCA consultation CP20/15, finalising implementation of the FCA’s PS19/24 working with DATA and of course dealing with the complications of material uncertainty affecting the funds ability to remain open. The work of the committee extends further into liaison with HMRC/HMT in relation to the funds being supported by the offshore bonds platforms and reviewing the position with the funds providing indemnities on disposals.

The current focus is to actively engage with the FCA on CP20/15 to ensure that if any regulatory changes are recommended, the wider ecosystem of platforms support the changes to facilitate the continued investment by our important clients, the wealth management industry. 

Author

Guy Glover

Guy Glover

Fund Manager, BMO Real Estate Partners

Guy is the Chair of the Retail Funds Committee and sits on the AREF Management Committee.
He is a fund manager at BMO Real Estate Partners. Prior to joining the group in 2004, Guy spent nine years at Wereldhave Property Corporation, where he was responsible for managing their UK portfolio.

Before this, he worked at Northampton Borough Council.

Guy graduated from the University of Reading with a BSc in Land Management and holds the RICS postgraduate diploma in Property Investment. He qualified as a Chartered Surveyor in 1994.