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The FCA published its second consultation on remedies

  • United Kingdom
  • Financial services and markets regulation
  • Financial institutions


The FCA published its second consultation on remedies following the FCA’s Asset Management Market Study (AMMS), Consultation Paper CP18/9, in April 2018.

On 4 February 2019 the FCA published its findings, in the form of Policy Statement PS19/4 “Asset Management Market Study – further remedies”, including the amendments made to the FCA Handbook. The purpose of the rules is to help investors in authorised funds get better information about what their fund manager is doing, and to understand better how they can evaluate whether their fund manager has done a good job.

Since the publication of the Policy Statement we have been working with firms, and have had dialogue with the Financial Conduct Authority, to develop practical ways that firms can implement the new requirements of PS19/4 as well as the earlier changes that arose from the Asset Management Market Study and Thematic Review on Meeting Investors’ Expectations. Our in-depth understanding of the sector, and experience with the practical implementation of new regulatory requirements, means that we are very well placed to guide firms through the implementation process, including coordinating any associated FCA approval applications.

In addition to our role on the Investment Association’s Investor Communications Working Group, we are delighted to have worked with the Investment Association to produce industry guidance that will assist firms implementing FCA Policy Statement PS19/4. This practical guidance, on which the FCA has commented, seeks to decode some of the drafting nuances of the benchmark rules and builds on the considerable experience and know-how that Eversheds Sutherland has developed in this area.

Other clients can request a copy of the guidance from their usual Eversheds Sutherland contact.

For more information contact

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