The FCA has started the year with a clear message. Alternative asset management is in its sights. Distinct supervisory teams have been set up to increase focus on particular areas. This is one of them, and the Dear CEO letter published in January outlines its expectations.
If you manage, advise or distribute alternative assets, you need to make sure you are ready to respond to requests for information or a supervisory visit from the FCA. The Dear CEO letter outlines areas where the regulator believes firms should take positive action. It also contains a clear threat of enforcement which shouldn’t be taken lightly.
Our February briefing will look at practical ways to make sure you would stand up to closer scrutiny from the regulator. We’ll look at each area of the letter – inappropriate products, client money, market abuse, market integrity, AML and ABC, and EU withdrawal – and give you some tips on how to prepare and what to prioritise.
