FCA announces terms of reference for asset management market study
25 November 2015
Mayer Brown Legal Update
On 18 November 2015, the UK Financial Conduct Authority (FCA) announced the terms of reference for a long-anticipated market study into the UK asset management industry. The study seeks to understand whether competition is working effectively, enabling all clients to obtain value for money when accessing asset management services. Interested parties have until 18 December 2015 to make representations to the FCA on any topics raised by the terms of reference.