The Jersey Financial Services Commission has not yet received an authorisation application from WCM Partners, the new investment management firm planned by Neil Woodford.
"The JFSC is disappointed to see this announcement in advance of either receiving or processing any application from this company for authorisation to conduct licensed business as an investment management firm in Jersey," the financial services watchdog said in a statement. "It would be normal practice when making such an announcement to make it clear that it is 'subject to regulatory approval'." However, the trading name WCM Partners has been reserved in the Jersey Registry, the regulator added. The stockpicker infuriated investors after he said on Saturday he was preparing to lau...
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