New City Initiative (NCI) has said EU regulators have failed to acknowledge the key differences between fund groups and banks nearly seven years after the financial crisis, prompting them to pursue an agenda which is damaging for smaller firms.
In its latest report, The next five years; regulatory challenges that will impact asset managers, NCI said a heavy-handed approach to the asset management sector is stifling innovation at smaller firms...
Forcing KIID and prospectus changes
Countdown to 31 October
The Woodford Income Focus fund (WIFF) lost a third of its assets in the month of June alone, as investors continued to flee from funds managed by Neil Woodford, according to data provider Morningstar.
Artemis and Woodford
Broadening reach to wider audience