RE: Lloyds2 Jan 2018 16:32
I just asked the question at Lloyds and this is the response I got from an advisor:
Are you aware of the industry wide regulation called MIFID coming into effect officially on 3rd January 2018? This regulation changes what brokers can trade based on where it is incorporated (for example a US ETF becomes ineligible for UK brokers) and whether the manager of the security can provide certain documents (called a KID). In any case where these cannot be met then we as a broker, and any other company under the jurisdiction of MIFID cannot allow further investment, however we can allow customers to hold their current investment until they choose to sell or the manager remedies whatever is not MIFID compliant.