FCA publishes final rules and further consultation on outstanding remedies under its asset management market study.
Key Points:
..The FCA has published a Policy Statement (PS18/8) setting out final rules and guidance concerning the governance and duties of fund managers. The final Handbook provisions set out in PS18/8 will come into force on 1 April 2019 and 30 September 2019, and the finalised non-Handbook guidance is effective immediately.
..The FCA has also published a further consultation (CP18/9) on proposed rules and guidance concerning the provision of information by funds to investors, specifically relating to fund objectives and the use of benchmarks. Feedback is requested on CP18/9 by 5 July 2018.
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