FCA targets ACD 'conflict of interest' in letter to fund managers
Concerns surrounding risk management
Poor liquidity management is among the areas under the lens of the FCA
The Financial Conduct Authority (FCA) has written to fund managers to outline the "key risks of harm" that their businesses pose to their customers.
In a letter seen by Investment Week, the FCA has detailed a list of key risks including authorised corporate director (ACD) conflicts of interest, liquidity mismatches and poor governance. FCA begins...
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