FCA sets out further CCI consultation on fee simplification
Final CCI rules will be set out in late 2025
FCA
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Nikhil Rathi reappointed as FCA chief executive
Rathi took up the role in October 2020
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Regulatory outlook: Consumer Duty due diligence is a thorny problem
Two years on from implementation there are still issues with ensuring Consumer Duty is filtering down the distribution chain
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FCA and Treasury launch consultation on streamlined regime for asset managers
Including bespoke rules for investment trusts and VCTs
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Rathbones Asset Management adopts SDR labels on two funds
Rathbone Greenbank Global Sustainability and Rathbone Greenbank Global Sustainable Bond funds will use the label from 2 April
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Parliamentary group calls for inquiry into FCA’s handling of Woodford
Group alleges the FCA failed to act appropriately in the lead-up to and after the collapse of Woodford Equity Income fund
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FCA unveils plan to ‘significantly streamline’ its operations
It will automate roles undertaken by employees, but some expressed ‘nervousness around the extent to which consumer protections are diminished’
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Alpha Growth to delist from LSE after lack of investor interest
Increasing size constraints on small-cap strategies and changes to FCA listing rules have made being public unfeasible
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FCA bans Crispin Odey from financial services industry
Crispin Odey has been fined £1.8m for a ‘lack of integrity’
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Trust Talk: Gravis managing director William MacLeod on the CCI consultation
Gravis managing director William Macleod discusses why he believes investment trusts should not fall under the new regime’s scope
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FCA and PRA axe plans to impose stricter DEI rules for financial services
Further information on the FCA’s work on non-financial misconduct is expected in June
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Private market revenues could surpass traditional strategies by 2027
But a FCA review found ‘room for improvement’ in private market valuation processes