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.

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Photo of Gareth Davies Gareth Davies The Exchequer Secretary 10:15, 21 Mai 2024

This is designed specifically to fill a gap that was previously or currently filled by things such as Jersey property investment trusts. Where there are unauthorised, contractual-based schemes, we do not currently have a vehicle that fills that gap. What we are introducing with the RIF fills that gap and satisfies a vast amount of stakeholders who fed into the consultation, and we are proceeding with that today.