The Financial Conduct Authority is increasing its scrutiny over alternative asset management firms with retail client exposure ahead of new risk warning rules set to come into force in December.
The watchdog's PS22/10 policy statement will aim to strengthen the financial promotions rules for high-risk investments, improve marketing restrictions and place higher standards on alternative managers. In a letter to alternative asset management chief executives outlining the watchdog's alternatives supervision strategy for 2022, Nike Trost, head of department for asset and pensions policy at the FCA, urged firms to amend their business practices in line with the new obligations. The main risk warning rules will come into force on 1 December 2022, with the remainder landing on 1 F...
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
