PIMFA calls for a year delay to SDR portfolio management rules

This call to allow firms sufficient time to implement the final rules, the trade body said. "While PIMFA is supportive of the intended purpose and spirit of the proposals put forward by the Financial Conduct Authority (FCA), they fail to sufficiently take account of the unique requirements of the market for portfolio management and of retail investors." This comes as a response to the regulator's consultation, where PIMFA highlighted its "significant concerns" around the timing of the implementation. The trade body said it has concerns regarding some of the proposals put forward by...