Advisers are being called to give their views on a discussion paper in which the Financial Conduct Authority (FCA) lays out ideas on potential changes in the regulatory framework of the UK's £11trn asset management sector.
Published today (20 February), the discussion paper is also seeking views from funds, investors and other stakeholders about the current UK regime for regulating funds and asset managers. Feedback will help shape the regulator's approach to rule-making under the new regulatory framework for financial services, which is set to repeal European Union-retained law and replace it with rules specific to the UK under the FCA. Ideas set out in the paper include creating a common framework of rules for asset managers, changing the boundary of the UK Undertakings for the Collective Investment ...
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