Over the past few months it has become increasingly obvious the FSA is becoming alarmed at innovation in the investment structuring space.
It seems the reflex reaction to greater choice and new ideas is increasingly to discourage all but the most sophisticated investors from using complex products. The most obvious example of this worrying new trend is in structured products, with the regulator visiting a number of providers demanding to know how the risks of investing in these structures are explained to end investors. Now the FSA seems to be turning its attention to the poster child of RDR; exchange-traded funds (ETFs). A recent in-house publication from the regulator put the sector on alert that it would be taking a clo...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
