The FCA Business Plan and Risk Outlook 2014 for asset managers
On 31 March 2014, 10 days after it published its new guides to supervision, the Financial Conduct Authority (FCA) published its Business Plan and Risk Outlook for the coming year. The timing and content of both publications suggest that the FCA is taking a more integrated approach between the way it will supervise firms and the planned thematic work asset managers can expect in 2014.
Eversheds has identified below the main themes from these publications, which are relevant to asset manager clients to enable them to better prepare for regulatory scrutiny in 2014.
The FCA is set to continue its focus on customers, culture and conduct. Asset managers can expect scrutiny in following areas…
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