FSA-authorised asset managers required to attest compliance with conflicts of interest rules
The FSA has issued a ‘Dear CEO’ Paper “Conflicts of interest between asset managers and their customers: Identifying and mitigating the risks”. The Paper summarises the outcome of a themed review of asset managers’ arrangements for managing conflicts of interest. The Paper has been posted on the website as a general FSA document.
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The International Organization of Securities Commissions (IOSCO), an international organisation of securities regulators, recently published its Policy Recommendations for Money Market Funds.
The Financial Services Authority is shortly to embark on a thematic review of asset managers.
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