FCA thematic: Smaller asset managers and alternatives firms
The FCA published its findings from its thematic review on business models for smaller asset managers and alternatives. The study aims to help new market entrants, smaller firms and growing organisations benchmark sound risk management practices and better understand regulatory expectations.
The thematic focused on three key areas for these firms:
High-risk investments – touching on financial promotions, product categorisation, investor categorisation, appropriateness assessments and more.
Conflicts of interest – focusing on your conflicts register, policy, procedures, overlapping roles and responsibilities and more.
Consumer Duty – Good and bad outcomes, Board Reports, Applicability of the Duty, unsuitable high cost investment strategies and more.
Avyse Partners are an official content partner of the International Compliance Association. The ICA is the leading professional body for the global regulatory and financial crime compliance community. ICA Members can gain access to Member-only content developed in partnership with Avyse that shares insights and best practice to help you meet the challenges of today and tomorrow. Not yet an ICA Member? Join here
