Jan
29
U.K. Fund Managers Face New Guidelines Demanding Transparency
By-
New rule will require asset managers to report what they did
- FRC has no research on whether the stewardship code works
An endangered U.K. regulator is demanding that asset managers change the way they interact with investors under new rules that require funds to provide more information on their business culture.
A key difference in the updated stewardship code from the Financial Reporting Council is that asset managers will have to report what they’ve actually done, rather than just their policies on stewardship. The effectiveness of the current rules is unknown, nine years after the industry first signed up…
U.K. Fund Managers Face New Guidelines Demanding Transparency
