Regulation’s role in promoting good culture is not to make rules around it, that was the main thrust of Andrew Bailey’s speech at the Investment Association Culture Conference.   https://www.fca.org.uk/news/speeches/role-regulation-encouraging-good-culture Andrew Bailey suggests Prescriptive rules can often undermine the original intentions as it’s impossible for a rule-book to predict every situation or eventuality. As a […]

On 6 March 2017, the Investment Association (IA) published an updated version of its guidance for members on authorised funds. The IA invites authorised fund managers to use the guidance, supplemented with fund and management company specific information, to inform potential investors. Alternatively, members may choose to use relevant parts of the guidance with their […]

The FCA has confirmed that the/or transfer of units/shares in authorised investment funds meets the criteria to be confirmed as industry guidance. http://bit.ly/1PnhK4U The confirmation took effect on 4 January 2016 for a period of 5 years. It is anticipated that the guidance will be included in the FCA list of confirmed industry guidance. http://bit.ly/1OLmhs7 […]

The Investment Association (IA) has published a discussion paper “Investment matters” on the meaningful disclosure of costs and charges, and a summary paper which provides an overview of this area. The aim of the discussion paper is to provide a framework for costs and charges disclosure based on a set of principles for good disclosure […]