An assessment of value: Helpful or a fudge?

Poring through the FCA's new regulations

Depeche Mode once sang 'Everything Counts' – and that is exactly what the new regulations that apply to funds under the Financial Conduct Authority (FCA)’s Assessment of Value seek to identify.

The new regulations come into force from 30 September 2019 and are designed to strengthen the existing duty of care to investors through enhanced governance provision. The exact nature of the policy requires fund managers with funds with a year-end on the 30 September or later to carry out, and publish a value statement within four months of the accounting period end. Ensuring robust governance in asset management going forward The latter point has recently been relaxed, allowing groups with multiple fund families to batch the production of the value assessment reports, on the prov...