UK Considers Cutting Red Tape for Asset Managers
LONDON (Reuters) - Britain on Monday began a consultation on changing the rules governing Alternative Investment Fund Managers as it looks to remove barriers to investment and boost economic growth.
City Minister Emma Reynolds said changes to the system would remove "costly regulation that prevents asset management firms from growing and provide capital for businesses across the country to grow."
(Reporting by Sarah Young, writing by Sachin Ravikumar)
