The Financial Conduct Authority (FCA) has outlined a number of failings within the retail investment space with regard to the disclosure of costs and charges required under MIFID II, with the regulator warning that failure to improve could result in increased scrutiny of the sector.
MIFID II, which came into force in January 2018, requires - among other things - investment firms to accurately disclose the cost and charges they incur to clients and regulators. FCA's Bailey promises...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective