House of Lords criticises FCA’s application of cost disclosure rules for investment trusts
Financial Services Regulation Committee said retained MIFID and PRIIPS rules has cost the UK an estimated £7bn
Baroness Bowles
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Cost disclosure: Treasury to consider streamlining AIFMD
MP Bim Afolami says the government is planning to consult on the issue in the next quarter
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Cost disclosure campaign steps up calls for trusts to be removed from AIFMD
114 co-signatories, including AIC CEO Richard Stone, have backed calls for cost disclosure reform
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Baroness Bowles calls FCA ‘illegal, irrational and inconsistent’ amid AIFMD campaign
Argued against cost disclosure rules for investment companies in reading of second Private Member’s Bill
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All-Party Parliamentary Group questions FCA over support for Woodford compensation scheme
MPs Siobhain McDonagh, Bob Blackman and Baroness Bowles voiced concerns over removal of consumer proections
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Calls for judicial review into FCA as investment trust sector faces extinction
Cost disclosure regulation has been called “illegal and irrational” amid an “emergency situation” for investment companies
