Smaller UK asset managers warned over conflicts of interest
( May 8, 2025, 12:03 GMT | Official Statement) -- MLex Summary: A regulatory review of UK asset managers that are handling assets below 1 billion pounds has determined that most are meeting expectations. But the Financial Conduct Authority has warned that “many” had ineffective conflict-of-interest management arrangements, singling out smaller firms where senior staff held more than one role. Firms should keep an accurate register of conflicts, the regulator said, and where they cannot be avoided they must be clearly disclosed to investors. Statement below, review attached. ...
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