Allfunds receives UK regulatory authorisation

The move has been made in anticipation of the end of the Temporary Permissions Regime for UK branches of European Economic Area-regulated firms. Under its FCA authorisation, the platform will operate under CASS regulatory provisions to offer client assets safekeeping under a UK nominee accounts structure. BlackRock joins AllFunds private markets wealth distribution programme The authorisation demonstrates a "commitment to ensuring strong performance that ultimately underpins the quality of the service received by clients", according to Allfunds UK country head Tom Wooders. "Allf...