Good to see the Investment Association talking publicly (FT 27^th July) about developing a new improved version of UCITS for funds domiciled in the UK. We at OWL have been promoting the concept for many months and hope to see such a regime in place as early as possible after the transition period ends. And we have made the point before that such a regime can and should run in parallel with a continuing UK UCITS regime, which has such strong global brand-recognition