Reserved Investor Fund consultation
This consultation is seeking views on the potential scope and design of a tax regime for a new type of investment fund: the Reserved Investor Fund (Contractual Scheme).
In the response to the UK funds regime review call for input on 10 February 2022, the government committed to undertaking further work to explore options for the introduction of a new fund structure: an unauthorised contractual scheme. This proposed fund type would be called the Reserved Investor Fund (Contractual Scheme) for the purposes of this consultation, and would be designed to complement and enhance the UK’s existing funds regime by meeting industry demand for a UK-based unauthorised contractual scheme with lower costs and more flexibility than the existing authorised contractual scheme.
This consultation invites views on proposals for the scope of the Reserved Investor Scheme (Contractual Scheme) and the design of a tax regime for the fund. The consultation opens on 27 April 2023 and will close on 9 June 2023. Responses will inform the government’s next steps. Please submit your responses to UkFundsReview@hmtreasury.gov.uk.