Imminent thematic review by FSA of asset managers in the UK
The Financial Services Authority is shortly to embark on a thematic review of asset managers. Its focus will be on the risks of bribery and corruption, sanctions and money laundering. Twenty two firms have already been identified for review and the regulator’s report is due to be published in the third quarter of 2013. All asset managers, whether they are to be visited by the FSA or not, should review their compliance in these areas.
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Briefings from Dechert
The International Organization of Securities Commissions (IOSCO), an international organisation of securities regulators, recently published its Policy Recommendations for Money Market Funds.
Since its launch in 2002, the Qualified Foreign Institutional Investor program has been the principal means for foreign investors to invest directly in the securities markets of Mainland China.