Ros was interviewed along with Baroness Bowles about the problems for investors in UK listed investment companies and how the cost disclosure rules are flawed and damaging to this important area of the market.
Ros was quoted in the Financial Times warning that the misleading cost disclosures forced on UK investment companies was a self-inflicted own goal which is damaging a great British financial sector.
Ros is quoted in ThisISMoney article about the impact of flawed ‘kafkaesque’ charges disclosure rules that have damaged investment in UK investment trusts to the point that they are considering listing in Switzerland instead of London. ( link to pdf )
Ros is quoted in ThisIsMoney calling for urgent action to address the crisis in the investment company sector, partly caused by regulatory overkill. (link to pdf)
Ros is quoted in Investment Week reports that more of the industry is urgently backing Ros’ Private Members Bill to ensure cost disclosure regulations for investment trusts is urgently reformed.
Portfolio Adviser writes about Investment Trust cost disclosures being featured in a letter to the Times, signed by Ros, Baroness Bowles, Lord Davies of Brixton and John Baron plus 114 industry leaders who call on the FCA to urgently change its interpretation of the EU rules forcing misleading charge figures to be shown to investors. ( link to pdf )
The Mail on Sunday quotes Ros talking about the madness of EU rules being applied to disadvantage only UK investment companies – no other country is misleading investors like this with exaggerated charges figures that have undermined UK markets. ( link to pdf )
Ros is quoted in ThisIsMoney warning about the penalty being imposed on UK investment trusts as a result of EU rules being applied in a flawed way that uniquely damages only the UK sector.
Ros was interviewed by Richard Stone of the AIC, calling for urgent action to end the misleading charge disclosure regime that is uniquely damaging UK investment trusts for no reason.
Ros was quoted by Citywire as losing patience with the delays in dealing with misleading investment company disclosures, while FCA denies it is dithering or delaying at all. They claim they need legislation, but FCA could just change its interpretation without new laws, to bring UK into line with all other countries.