The FCA has published a report of its finding of a thematic review it has carried out into whether, and how, asset managers are meeting investors' expectations. The aim of the review was to determine whether UK authorised investment funds and segregated mandates were operated in line with investors' expectations, as set by marketing and disclosure materials, and investment mandates. This was assessed against FCA rules and did not focus on fund performance. Although the FCA did identify some examples of unclear product descriptions and inadequate governance or oversight, overall the FCA found that fund management firms are taking the right steps towards meeting investors' expectations and comply with their responsibilities towards investors.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact firstname.lastname@example.orgRegister
FCA publishes review report on asset managers
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email email@example.com.
Related topic hubs
Senior Vice President & Counsel
GE Capital Aviation Services
"The content and quality of the newsfeeds is very good and well indexed by subject making it easy to follow up on."