FCA extends 10% drop notification suspension again

Showing 'supervisory flexibility'

clock • 2 min read
FCA extends 10% drop notification suspension again

The Financial Conduct Authority (FCA) has extended the suspension of the 10% depreciation rule until the end of 2022 while the government's policy work on the requirement’s future remains ongoing.

The has extended the temporary measures for firms until the end of 2022 after findings from the HM Treasury's Wholesale Markets Review (WMR) indicated "support for removing or amending the requirement."...

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
member?

Login

More on Regulation

Alex Hoctor-Duncan of River and Mercantile Group

FCA approves AssetCo takeover of River and Mercantile

Important milestone in transaction

Lauren Mason
clock 19 May 2022 • 1 min read
Chancellor Rishi Sunak has an "ambitious vision" for UK financial services. Photo: UK Parliament CC BY 3.0

HM Treasury in conversation with FCA over PRIIPs

Part of wider review

clock 16 May 2022 • 1 min read
Government officials told the FT there had been a last minute U-turn

Ministers push back plans for UK environmental disclosures - reports

Withdrawn from Queen’s Speech

clock 12 May 2022 • 1 min read
Trustpilot