FCA launches second consultation on transparency of fund objectives and benchmarks; Unveils fund value rules
Will assess use of benchmarks
The Financial Conduct Authority (FCA) has launched a second consultation on the back of its Asset Management Market Study into the transparency of fund objectives, the use of benchmarks and performance fees.
The paper proposes measures to improve the quality, comparability and robustness of information available to investors and seeks to address its concerns that fund objectives "are not as clear or specific...
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