Clause 20 - Collective investment schemes: co-ownership schemes

Part of Finance (No. 2) Bill – in a Public Bill Committee am 10:15 am ar 21 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Tulip Siddiq Tulip Siddiq Shadow Minister (Treasury) 10:15, 21 Mai 2024

I thank the Minister for his response. He said that he considered the options and decided to proceed with it as an alternative investment fund, but he did not actually set out the reasons why. Was there any reason why he decided that it made more sense to do that as opposed to a special investment fund, especially in line with the international comparisons that I gave?