03.08.16 - FCA ASSET MANAGEMENT MARKET STUDY - DELAY
The FCA has announced a delay in publication of the interim report of its Asset Management Market Study. The FCA initially intended this to be published this Summer but it is now targeting the fourth quarter of this year, with the final report to be published “in early 2017”.
The aim of this study is to understand whether competition is working effectively to enable both institutional and retail investors to get value for money when purchasing asset management services.
05.08.16 - FCA POLICY STATEMENTS ON UCITS V
FCA’s Policy development update No 36 foreshadows two Policy Statements and amendments to the COLL Sourcebook in relation to the implementation of UCITS V.
The first statement is due this Summer and will be a follow up to Consultation Paper 15/17 of September 2015 on UCITS V implementation and other matters affecting regulated funds. The second one will be a follow up to Consultation Paper 16/14 of May 2016 on the UCITS V Level 2 Regulation and the Securities Financing Transaction Regulation.
Other parts of the FCA Handbook affected by the changes include CASS, FUND, SUP and SYSC.