In July the FCA warned fund managers it will take action after a review found most have not implemented value assessments that met FCA standards.
The FCA conducted a review of 18 fund managers of different business models and sizes between July 2020 and May 2021 and found while some had been conducting value assessments well, “too many AFMs often made assumptions that they could not justify to us”, undermining the credibility of their assessments.
sally.hickey@ft.com
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