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Legal Ease with Lexis+®UK – August 2023
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The UK asset management regulatory reform
What is the aim of the reform?
The FCA’s discussion paper DP23/2 Updating and improving the UK regime for asset management seeks industry input on a range of topics relating to the regulation of UK fund managers individual portfolio managers retail funds and depositories. An important part of the post-Brexit UK Future Regulatory Framework the reforms are primarily intended to: (i) improve outcomes for UK markets UK and international retail and professional investors; (ii) enable technological development innovation and better use of data; and (iii) support the UK’s position as a world-leading centre for asset management. The response period has now closed and the FCA will publish a feedback statement during 2023 and possibly a consultation paper on some of the topics in the discussion paper.
The future regulatory asset management regime
The FCA seeks to...
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