The Financial Conduct Authority (“FCA”) issued in April 2016 a thematic review entitled “Meeting Investors’ Expectations” (the “TR”). The review considers whether UK authorised funds and segregated mandates are operated in line with investors’ expectations as set by firms’ marketing materials, disclosure materials and investment mandates. The FCA’s findings are based on a sample of […]

On 7 April 2016, the FCA published a report setting out the findings of a thematic review it has carried out into whether, and how, asset managers are meeting investors’ expectations (TR16/3). http://bit.ly/1UMZL9R The FCA announced the thematic review in its Business Plan for 2015/16 – The aim was determine whether UK authorised investment funds […]