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Showing 1 - 10 of 188 matches filtered by 'Asset management'

  • FCA: Platforms supervision strategy

    06/02/2020
    This “Dear CEO” letter to relevant firms outlines the regulator’s view of key risks of harm the sector poses to customers/markets... and sets out FCA’s supervisory strategy, highlighting certain priorities (including technology and operational resilience; third party outsourcing; conflicts of interest). FCA also reminds firms of work they should be undertaking in relation to the 2019 Investment Platforms Market Study, particularly with regard to transfers, best execution and disclosure of charges.
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  • IOSCO: 2020 work program

    30/01/2020
    ESMA’s work program for 2020 has been published. IOSCO’s priorities include corporate debt and leveraged loan and issues relating to... asset management, such as liquidity risk management and leverage. IOSCO’s 2019 priorities (cryptoassets. AI and machine learning; market fragmentation; passive investing and index providers and retail distribution and digitalisation) will continue to be priorities for the period and the report provides an update with regard to these.
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  • BIS: Assessment of the effectiveness of the FX Global Code

    30/01/2020
    BIS has published an assessment of the Code, along with a call for more participants (particularly buy-side firms) in the FX... market to adopt it.
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  • FCA: Asset management supervision strategy

    22/01/2020
    This “Dear CEO” letter to asset managers outlines the regulator’s view of key risks of harm the sector poses to customers/markets... and sets out FCA’s supervisory strategy, highlighting certain priorities (including liquidity management; governance by firms; product governance; operational resilience and Brexit). The letter notes that firms may be asked to take part in one or more pieces of work related to these priorities. FCA expects firms to take appropriate action.
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  • FCA: Alternatives supervision strategy

    22/01/2020
    This “Dear CEO” letter to alternative investment firms outlines the regulator’s view of key risks of harm the sector poses to... customers/markets and sets out FCA’s supervisory strategy, highlighting certain priorities (including investor exposure to inappropriate products or levels of investment risk; market abuse; market integrity and disruption; client money and custody asset rules and Brexit). The letter notes that firms may be asked to take part in one or more pieces of work related to these priorities. FCA expects firms to take appropriate action.
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  • FCA: Asset management portfolio tools

    13/01/2020
    FCA has set out its findings of how firms in the asset management sector selected and used risk modelling and other... portfolio management tools. The review identified problems in firms’ processes and controls, particularly in risk model oversight and contingency planning.
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  • FCA: PS19/29: Making transfers simpler

    13/12/2019
    Further to CP19/12, FCA has published feedback and final rules which implement its policy decisions which are intended to improve competition... between platforms. It is noted that no amendments have been made to the proposals set out in CP19/12. Rules come into force on 31 July 2019.
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  • FCA: Handbook Notice 72/Instruments

    13/12/2019
    FCA has published details of instruments passed at its Board meetings on 21 November 2019 (in addition to those already noted... in Handbook Notice 71) and on 12 December 2019. These are:. Conduct of Business (Speculative Illiquid Securities) Instrument 2019/99; Fees (Office for Professional Body Anti-Money Laundering Supervision) (No 3) Instrument 2019/100; Conduct of Business Sourcebook (Platform Switching) Instrument 2019/103; Alternative Investment Fund Managers Directive (Miscellaneous Amendments) Instrument 2019/104; Listing Rules and Disclosure Guidance and Transparency Rules (Miscellaneous Amendments No 2) Instrument 2019/105. Instruments may be downloaded via the second link.
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  • FCA: Speech by Charles Randell: Building better bridges: a world-leading investment industry around outcomes customers need

    11/10/2019
    Text of Charles Randell’s Mansion House speech of 10 October 2019 follows, in which he discusses allocating capital sustainably; fund governance... and innovation, concluding “an effective and forward-looking system of regulation is a competitive advantage to the UK investment industry. That requires us to focus on the outcomes the industry achieves for the households, businesses and governments which are its ultimate customers. That also requires us to look hard at our regulation to ensure that it doesn’t get in the way of those outcomes. But it must never involve putting the interests of the sector ahead of the people it’s here to serve. That sort of behaviour never ends well”.
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