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
