British mutual funds are called unit trusts,and their shares are registered with the Securities and Exchange Commission.

Name: British mutual funds are called unit trusts,and their shares are registered with the Securities and Exchange Commission.
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British mutual funds are called unit trusts, but their shares are not registered with the Securities and Exchange Commission as it is a US regulatory body. The equivalent regulatory body in the UK is the Financial Conduct Authority.

British Mutual Funds Are Called Unit Trusts,and Their Shares Are