The Financial Conduct Authority (FCA) is increasing its scrutiny over alternative asset management firms, with retail client exposure ahead of new risk warning rules set to come into force in December. The watchdog's PS22/10 policy statement will aim to strengthen the financial promotions rules for high-risk investments, improve marketing restrictions and place higher standards on alternative managers. In a letter to alternative asset management chief executives outlining the watchdog's alternatives supervision strategy for 2022, Nike Trost, head of department for asset and pensions...
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