Welcome to the Investment Management Brief, our regular briefing offering an overview of the latest business issues in investment management, including analysis and comment from Pinsent Masons.
In this issue we cover:
- UK financial regulators are considering ways to better align investment funds' redemption periods and liquidity, which could include longer notice periods and discounting for investors who opt to redeem their units at short notice. Read more here.
- The UK's Financial Conduct Authority (FCA) has published a package of new rules intended to make it easier for customers to transfer from one investment platform to another without having to liquidate their assets. Read more here.
- Senior staff at financial services firms should check that their directors' and officers' (D&O) insurance covers their decisions on whether or not to service customers in the EU after Brexit. Read more here.
- The UK's Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have increased pressure on firms with a 16% increase in the number of independent reviews ordered last year. Read more here.
- The Financial Reporting Council (FRC) is to focus on areas such as the effect of Brexit on companies' disclosures, the impact of recently introduced accounting standards, and climate change in its 2020/21 corporate reporting and audit quality review programme. Read more here.
- EU confirms sustainability disclosure requirements for financial firms. Read more here.
- Businesses engaging in cross-border electronic marketing will continue to face a web of different rules unless consensus can be reached on reforms to EU privacy laws, a data protection law expert has said. Read more here.
- New legislation to support the ethical use of artificial intelligence (AI) is to be set out by EU policy makers some time over the coming weeks. Read more here.
- In 2020, we're likely to see more fintech companies embrace open banking technology to make comparing and switching home loans much easier. Read more here.
- Open finance in the UK should lean on international experience. Read more here.
We hope you found your update useful.
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