Legal & Regulation

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SquareBook secures FCA approval

SquareBook secures FCA approval

Following participation in the FCA’s Sandbox initiative in 2018/2019, SquareBook has received regulatory authorisation under Article 25 (2) of the Regulated Activities Order to ‘make arrangements with a view to transactions in investments’. 

Feature

Industry participants comment on introduction of long-term fund structures

Industry participants comment on introduction of long-term fund structures

It seems that the jury is still out regarding the recent proposals by the Investment Association for a long-term asset fund structure. The IA is proposing a new open-ended fund structure that would have the ability to invest in less liquid or illiquid assets, such as property and infrastructure projects. 
 

Interviews

FCA business plan raises the bar for operational oversight

FCA business plan raises the bar for operational oversight

With operational resilience a key area of focus of the UK’s Financial Conduct Authority (FCA) business plan for 2019/2020, Paul Roberts, CEO, Milestone Group, explains that there will be a significant impact on compliance teams at investment trusts, OEICs, specialist funds and ETF funds, and particularly for those individuals responsible for the NAV process.