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Today New City Initiative is comprised of 43 leading independent asset management firms from the UK and the Continent, managing approximately £500 billion and employing several thousand people.

Displaying items for Jul 2020

Engage with the FCA on its new funds regime

Engage with the FCA on its new funds regime

Last month, the UK Financial Conduct Authority (FCA) published a discussion paper outlining its thinking on the new prudential regime for MiFID-regulated investment firms. This comes as the EU plans to introduce further changes to asset management rules from June 2021 under the Investment Firm Directive (IFD) and Investment Firm Regulation (IFR), legislation which the UK had a major role in shaping. In light of Brexit, the UK has said that while it will not adopt the IFD and IFR, it will introduce similar regulation in parallel. This is something NCI members should be closely following.    The FCA has stated clearly…

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