Submission: DP17/3 Discussion Paper of Distributed Ledger Technology

New City Initiative (NCI) is comprised of leading independent asset management firms and offers an independent, expert voice in the debate over the future of financial services; its over fifty members collectively manage around £500 billion of assets. Predominantly owner- managed, NCI’s members align their interests with their clients’ in a transparent manner and, more broadly, seek to encourage competition, innovation and consumer choice within the UK asset management industry.