FCA proposes duty on asset managers to act in investors' interests

James Phillips
clock • 2 min read

Asset managers will face a duty to act in the best interests of investors under plans unveiled by the Financial Conduct Authority (FCA) today.

The financial watchdog has launched a consultation on extending the senior managers and certification regime (SM&CR) to almost all regulated firms, and has outlined six new "prescribed responsibili...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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