Exchange Control Restriction on UK Resident Companies—Description and Critique

Abstract

Companies resident in the United Kingdom suffer from a very tight set of restrictions on exchange control. The rules regarding trading are quite different from those applied to investment. Various types of investment are treated differently. The following paper describes the more important aspects of the UK exchange control regulations, including the rules for remitting foreign profits and the investment currency market. A brief critique of the current regulations is also provided.

Citation

McRae, T.W. (1978), "Exchange Control Restriction on UK Resident Companies—Description and Critique", Managerial Finance, Vol. 4 No. 2, pp. 178-188. https://doi.org/10.1108/eb013422