Woodford affair to spark FCA review of ACD market - reports

Following scrutiny of Link Asset Services

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

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...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Regulation

Comments from the public have been requested on more than 20 questions and will be accepted for three months.

Fed issues discussion paper and asks for feedback on digital currency

No outcome favoured

James Baxter-Derrington
clock 21 January 2022 • 1 min read
$2.3trn market cap

Bank of Russia calls for all-out ban on cryptocurrencies

High volatility and fraud

clock 20 January 2022 • 1 min read
Andrew Bailey questioned before Treasury Committee

Energy prices and labour supply threaten financial stability says Bank of England governor

Treasury Committee meeting addresses inflation

Georgie Lee
clock 19 January 2022 • 2 min read