FCA Extends Oversight of UK Asset Management Sector

Regulator sets new obligations for senior managers and focuses on investor costs.

Getty Images

The policy paper, released on April 5, follows an extensive study of the sector conducted by the Financial Conduct Authority (FCA) in June 2017, in which the regulator found that weak price competition and a concentrated advisory sector was having a detrimental effect on investors. The Competition and Markets Authority, the UK’s antitrust regulator, has since opened an investigation into firms offering advice.

The UK’s asset management industry is the second-largest in the world, behind the US

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here