More 'skin in the game'? interactive investor calls for US-style fund disclosure rules

Overhaul of transparency guidance urged

Pedro Gonçalves
clock • 3 min read

interactive investor is calling for new rules requiring fund managers to disclose how much they have invested in the funds and investment trusts they manage to increase transparency regarding their "skin in the game".

The direct-to-consumer investment platform has written to the Financial Conduct Authority and the Financial Services Consumer Panel, calling for measures to be brought in similar to those in the US. In the US, the SEC has required fund managers to disclose how much they invest in their own funds, "to help investors assess the extent to which the portfolio manager's interests are aligned with theirs" and the UK should be looking to do the same, ii said. The SEC requires fund managers to disclose their financial interest by band, rather than precise amount. The bands are: none, $1-$10,0...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Becoming truly data-led: Five regulatory reporting strategies for firms

Becoming truly data-led: Five regulatory reporting strategies for firms

'Five ways to become truly data-driven'

Chris Davies
clock 12 May 2025 • 4 min read
FCA's Hulme pledges tougher scrutiny and clearer guidance

FCA's Hulme pledges tougher scrutiny and clearer guidance

‘We will go harder and faster’ to drive ‘good growth’

Sahar Nazir
clock 07 May 2025 • 3 min read
FSCS declares IFA Ltd and AXG Advice in default

FSCS declares IFA Ltd and AXG Advice in default

Leeds and London advice firms face claims

Isabel Baxter
clock 06 May 2025 • 2 min read