Over 1,200 UK funds facing ‘urgent compliance deadline’ for SDR naming and marketing rules
The 2 December SDR deadline is for funds seeking to utilise sustainability-related terminology in fund name
Compliance
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Ocorian: Compliance issues causes loss for 81% of alternative fund managers in three years
92% expect compliance breaches to increase over two-year period
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Blockchain-based fund data service raises £250k
The money is being invested by Industrial Thought group
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Research giant pans Woodford’s approach to liquidity
Link Asset Services is ultimately responsible for Ucits compliance, says Woodford
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Advisers’ paper footprint stubbornly high despite digitisation
Paper use has increased dramatically since the implementation of Mifid
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Fund houses named and shamed for failing to speak plain English
Asset managers’ failure to speak plain English has been blamed on increasing compliance requirements as a report names and shames asset managers that use the most obscure language, long sentences and jargon on their websites.
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Soaring compliance costs could eat up tenth of firms’ revenue
The rocketing costs of compliance could eat up a tenth of firms’ annual revenues in the next five years, wealth managers fear.
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RDR compliant reports creating headache
Producing RDR compliant investment reports for clients is a major concern for the majority of wealth managers, a new survey has revealed.
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Rising equity markets drives business volumes
Investment managers have remained remarkably optimistic over the last quarter, a PwC report reveals.
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Umbrella firms launch compliance association
A group of regulatory experts have set up the UK Compliance and Regulatory Association (UKCRA) which aims to enhance professional standards and minimise risks within the regulated financial services industry.
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compliance overheads mount under regulation
When it comes to regulation there seems to be a never-ending list of rules to comply with. To keep on top of it is it best to outsource to a specialist or hire someone in-house, and how much priority should you give a non-client facing function?
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rules of engagement
The FSA is upping its efforts in the supervision of wealth managers, with demonstration of suitability top of the list, but this is not the only compliance headache that the industry will have to contend with in 2013.