Britain set out plans on Monday for a post-Brexit review of its rules for the 11 trillion pound ($13.2 trillion) asset management sector, with a focus on bolstering liquidity after a near meltdown in funds used by pension schemes last September.
"The regulatory framework contains rules around liquidity management. Many of these rules are designed to protect consumers," the FCA said in a discussion paper on reforming the sector.
in funds, meaning assets under management split into fractions to make it more affordable for small investors. Although Britain has left the EU, many of the money market funds, LDI funds and mutual funds offered in the UK are listed in EU centres such as Dublin and Luxembourg, even if managed in London.
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