Authors: Emily Harmsworth, Clare Bouwer

New UK Reserved Investor Fund

The UK Government has passed relevant secondary legislation to enable a new form of UK fund vehicle, the Reserved Investor Fund (Contractual Scheme) (the “RIF”) to be created, along with detailed UK tax rules. The rules take effect from 19 March 2025, and RIFs can be created from that date. We’ve taken a look at the main elements of the RIF, which has been introduced following a broader review of the UK funds regime.