Shearman & Sterling LLP | Financial Regulatory Developments Focus | UK Financial Conduct Authority Launches Authorization Hub for Asset Managers
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  • UK Financial Conduct Authority Launches Authorization Hub for Asset Managers
    10/16/2017
    The 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