The Financial Conduct Authority (FCA) has published the findings from its recent review of smaller asset managers and alternative investment firms, covering over 400 firms managing less than £1 billion in assets. This review highlights critical areas for improvement in governance, compliance, and risk management, and is relevant not only to smaller firms but to the wider asset management sector.
We are pleased to share fscom’s summary and practical guidance on the FCA’s key findings to support your compliance efforts.
This includes actionable steps across:
- High-Risk Investments: investor categorisation, financial promotions, and governance.
- Conflicts of Interest: policy development, role segregation, and disclosure.
- Consumer Duty: embedding the Duty into your business model and culture.
Firms are encouraged to benchmark their current arrangements against the FCA’s expectations and take proactive steps to close any gaps.
Should you wish to discuss how these insights apply to your firm, please don’t hesitate to get in touch.
This post contains a general summary of advice and is not a complete or definitive statement of the law. Specific advice should be obtained where appropriate.
