FCA says investment managers are paying too little in regulatory fees

clock • 1 min read

The UK financial regulator, the Financial Conduct Authority (FCA), has asserted that investment management principal firms too often have "weak or under-developed governance arrangements" for appointed representatives (ARs). In a letter to CEOs of principal firms, the FCA said they risk facing action from the UK regulator. The FCA has told investment management principal firms to tighten up governance of appointed representatives, or face action from the regulator. The sternly worded "D...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.