Following its AGM the IMA has created two new categories of membership which will come into effect from 1 January 2012.
The formation of these categories follows the significant growth in offshore funds, set to increase as a result of the implementation of UCITS IV.
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Non-UK firms managing UK authorised funds or funds registered for sale in the UK will in future be eligible for full membership. Previously only investment management firms with offices in the UK could join the IMA as full members.
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The IMA has created a new sector membership category for those firms who do not require full membership but wish to have their funds included in IMA sectors. Sector membership will be available to both UK and offshore managers. Sector members will benefit from participation in all sectors-related consultations and reviews.
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