This month’s regulatory round-up pulls together some interesting regulatory developments we have tracked throughout June. The past month brought a…
PRICE COMPETITION AND VALUE FOR MONEY ARE COMING UNDER INCREASED SCRUTINY BY EU AND UK REGULATORS.
As a consequence, the UK FCA requires Authorised Fund Managers (AFMs) to assess the value for money of each fund, take corrective action if it does not offer good value for money, and explain the assessment annually in a public report. In addition the Senior Managers and Certification Regime (SM&CR) requires a senior individual to take “reasonable steps” to ensure that the AFM carries out the assessment of value and acts in the best interests of investors.
Funds-Axis’ FCA Assessment of Value Solution, powered by whole-of-market data from FE fundinfo, provides firms with a comprehensive and efficient toolkit for conducting the FCA Assessment of Value exercise in line with the FCA requirements in a cost-efficient and streamlined way.
Our browser-based FCA Assessment of Value Solution makes complex review and reporting quick and easy, with interactive and customisable dashboards, enabling you to access and share key data at the click of a button.