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Regulator unveils permitted links revamp
by Tim Sharp on Sep 28, 2007 at 16:26
The Financial Services Authority has confirmed that its permitted links rules, which govern which assets the £730 billion unit-linked insurance sector can invest in, will change from 6 October.
The FSA has sought to move away from detailed rules to a principles-based approach.
Changes include allowing investment in property through investment vehicles rather than only directly and allowing investment in property in properly functioning markets rather than only specified territories.
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