UK’s FCA proposes reforms to slash asset management costs
The watchdog has opened a consultation on pay rules for firms regulated only by the FCA. Credit: T. Schneider/ Shutterstock.com. The Financial Conduct Authority (FCA) in the UK has proposed a set of reforms for the asset management sector, aiming to lower compliance costs and improve supervision. Most of the estimated £128m ($171.3m) in annual savings will be driven primarily by simplified Fund Reporting for Asset Management Entities […]