UK: consultation on introducing a protected cell regime for OEICs - Law Society response

Earlier this year HM Treasury published a consultation paper containing proposals for the introduction of a protected cell regime for open-ended investment companies (OEICs). The Law Society has published its response, in which it states:

We welcome the Government’s intention to proceed to implement a protected cell regime for OEICs. We are, however, disappointed with the way in which the Government proposes to implement its proposal. We believe that the proposals are flawed and will create uncertainty".