FSA publishes TCF guide for CIS managers

The illustrations provide practical examples as to how CIS managers can meet the requirements to collect Management Information in two specific areas; identifying their target market and reviewing how their products are being distributed. FSA Asset Management sector leader Dan Waters says: "The CIS industry in the UK is subject to a unique set of regulatory requirements under the COLL sourcebook and also provides products the great majority of which are sold through distribution channels not controlled by the CIS Manager. “When we published the TCF Guidance last July we said there were...