France Keeps Synthetic ETFs Eligible for Tax-Advantaged PEA Accounts
France has abandoned plans to exclude synthetic ETFs tracking non-European indices from tax-advantaged PEA accounts.
The UK Financial Conduct Authority has proposed allowing UK-domiciled UCITS and retail funds to invest up to 10% of assets in cryptocurrency exchange-traded notes (ETNs), marking a significant shift in its approach to digital assets. The proposal would permit indirect exposure to cryptocurrencies such as bitcoin and ethereum, while maintaining limits due to their speculative nature. The move aligns the UK more closely with Luxembourg’s recent stance on crypto exposure in UCITS funds, though regulators in Ireland remain more cautious. If adopted, the change could create new opportunities for ETF and fund providers seeking regulated crypto exposure for retail investors.
France has abandoned plans to exclude synthetic ETFs tracking non-European indices from tax-advantaged PEA accounts.
South Korea is considering ETF-based investments for its planned “Our Children’s Self-Reliance Fund,” which will combine government and parental contributions to build assets from birth.
Ireland is preparing a broad reform of fund taxation that could make ETFs more attractive to domestic investors.
More from Europe