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The UK competition regulator, the CMA, will be conducting in-depth investigations of investment consultancy and fiduciary management services after the FCA initiated an investigation.
The UK competition regulator, the Competition and Markets
Authority (CMA), will be conducting in-depth investigations of
investment consultancy and fiduciary management services after the
Financial Conduct Authority (FCA) initiated an investigation. The
CMA has a wide range of powers enabling them to investigate and
impose remedies. Industry participants should expect requests from
the CMA to provide evidence and produce documentation. For those
seeking a positive outcome, it is pertinent to begin compiling
persuasive submissions and evidence. To learn more, click
here.
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