HM Treasury’s statement of new regulation 6, July to December 2013
Updated 15 January 2015
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No domestic measures in scope of the One-in, Two-Out rule will be introduced between July and December 2013.
| Impact assessment number | Title of measure | Purpose of the measure | Date came into force | Equivalent annual net cost to business (£m, 2009) | Impact assessment |
|---|---|---|---|---|---|
| EU measures – out of scope of the One-in, Two-out rule | |||||
| HMT1306 | Credit Rating Agency 3 Regulations – Defining civil liability terms | To define key terms in a directly applicable EU regulation (CRA 3) and introduces a limitation period for making claims under this regulation. | July 2013 | Est. by HMT as low-cost regulation | N/A |
| HMT1304 | Alternative Investment Fund Managers Directive | To establish an EU-wide harmonised framework for monitoring and supervising risks posed by Alternative Investment Fund Managers (AIFMs) and the funds they manage (AIFs); and for strengthening the internal market in alternative investment funds. The Directive contains provisions relating to the conduct of business, transparency and marketing, and provides for the cross-border managing and marketing of funds. | July 2013 | Est. by HMT £1,238 | Impact assessment |
| HMT1307 | Alternative Investment Fund Managers Directive (technical measures on charity funds and 3rd countries) | To establish how non-UK firms can be marketed to UK investors under Alternative Investment Fund Managers Directive and how the Financial Services Compensation Scheme should apply to non-UK firms. | July 2013 | Est. by HMT as low-cost regulation | Impact assessment |