UK Chancellor Jeremy Hunt has set out more than 30 regulatory reforms for financial services.
Mr Hunt said the changes will “turbocharge growth” in the UK and “cut red tape”.
This set of reforms is the biggest overhaul of banking rules for 30 years.
This is part of the reform agenda the UK government is taking through the Financial Services and Markets (FSM) bill.
One of these reforms was the amendment of the real estate investment trust (REIT) ...