The Financial Conduct Authority (FCA) has written to fund managers to outline the “key risks of harm” that their businesses pose to their customers.
In a letter seen by PA's sister title Investment Week, the FCA has detailed a list of key risks including Authorised Corporate Director (ACD) conflicts of interest, liquidity mismatches and poor governance....
'No current or pending registration'
Follows Lord Hill listing recommendations
Helping firms 'get ahead' under SFDR
Hill report calls for cut in free float to 15%
Expected by Q2 2021
Completion in 3 minutes
Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers