Author: Charles Proctor
Charles Proctor, Partner, Fladgate LLP (firstname.lastname@example.org)
Therefore the FCA has decided to introduce new rules and guidance applicable to authorised fund managers (AFMs) in respect of their management of authorised funds subject to COLL. These are set out in FCA Policy Statement PS18/8 (click here for link).
The main thrust of these changes is to strengthen the duty of AFMs to act in the best interests of investors. The changes include the following:
We set out below some further commentary on each of these new measures in the attachment below.