Woodford affair to spark FCA review of ACD market - reports

Following scrutiny of Link Asset Services

Mike Sheen
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FCA last reviewed ACDs as part of 2017 Asset Management Market Study
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FCA last reviewed ACDs as part of 2017 Asset Management Market Study

The suspension of the Woodford Equity Income fund is set to spark an industry-wide review of authorised corporate directors (ACDs) headed up by the Financial Conduct Authority (FCA), following scrutiny of their role in the scandal by politicians, regulators and industry executives.

Woodford's ACD Link Asset Services is currently being scrutinised by the FCA, amid monthly discussions over the liquidity of the fund since February, with the regulator now writing to other ACDs to inform...

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