Letter to Financial Conduct Authority: Asset Management Review: 20 February 2017

The FMLC commented on the Financial Conduct Authority’s Asset Management Market Study, the interim findings of which were published in November 2016.  The FMLC noted issues of legal uncertainty that arose from the analysis in the Interim Report, in part owing to the high level of generality at which relevant terms are defined in the Report, and made recommendations for their clarification.

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