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ARTICLE · 30 APRIL 2024

Funds Focus | First Quarter 2024

Osborne Clarke LLP
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It's almost becoming a cliché – but this year will be a busy one for regulatory compliance. So much so, that the Financial Conduct Authority (FCA) has issued a "Dear CEO" letter...

United KingdomFinance and Banking
Simon Thomas
Simon Thomas
Helen Parsonage
Helen Parsonage
Alison Riddle
Alison Riddle
Tim Simmonds
Tim Simmonds
David Soerensen
David Soerensen
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It's almost becoming a cliché – but this year will be a busy one for regulatory compliance. So much so, that the Financial Conduct Authority (FCA) has issued a "Dear CEO" letter: its main point is a concern over whether asset managers have sufficient compliance resources to deal with the "high volume of significant business and regulatory change to be delivered in 2024".

This year brings asset managers a three-in-one Kinder egg of regulatory developments. It brings a new regime (sustainability disclosures), the continuing roll-out of major regulatory developments (such as the Consumer Duty) as well as updates to well-trodden regulatory territory on both sides of the Channel. This is in addition to planned FCA supervisory reviews of asset managers.

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