The FSA has around twice as many applications for new launches compared to last year, leading to del...
The FSA has around twice as many applications for new launches compared to last year, leading to delays in product providers bringing funds to market, writes Robert Stock. Mike Gould, manager of collective investment schemes at the FSA, whose department gives authorisation for new fund launches, said that product providers had flooded the CIS office with applications for new launches. Gould said applications for new product launches are currently running at double the level compared to the same time last year with unit trust applications remaining flat on the previous year, with the remai...
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