UK Financial Conduct Authority Launches Authorization Hub for Asset Managers
10/16/2017The UK Financial Conduct Authority has launched phase one of its new Asset Management Authorization Hub, which is a new FCA resource designed to assist new firms entering the market and help them better understand the FCA as an organization.
The hub is based on four broad objectives: (i) clarifying the expectations of new entrants by providing updated guidance on regulations and processes; (ii) fostering better engagement between the FCA and new entrants; (iii) making information more accessible by introducing, as part of the FCA's website, a dedicated portal for investment managers; and (iv) providing "end-to-end" support for start-up firms, by supporting the transition from pre-authorization discussions to authorization and ongoing supervision.
The FCA plans to roll out further phases of the hub throughout 2018.
View the FCA press release.
View the Authorization Hub webpage.TOPIC: Funds