United Kingdom: Financial Sector Assessment Program-Fund Management and Equity Trading Platforms: Regulation, Supervision, and Systemic Risk Monitoring-Technical Note
IMF Staff Country Reports, June 17, 2016
Source details
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- United Kingdom: Financial Sector Assessment Program-Fund Management and Equity Trading Platforms: Regulation, Supervision, and Systemic Risk Monitoring-Technical Note
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Bibliographic details
- Published: June 17, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484393833.002
Summary and scope
- Reviews the effectiveness of the regulation, supervision, and systemic risk monitoring of investment funds and their managers.
- Notes that the United Kingdom has the largest fund management market in Europe and is a key host for some of the most important European equity trading platforms.
- Observes that a significant proportion of the regulatory framework in this area, in particular that related to conduct of business and disclosure requirements, has been harmonized at the EU level and is largely in line with the relevant international standards.
- States that the Financial Conduct Authority has the primary responsibility for the regulation and supervision of fund management and equity trading platforms.
Key themes in the review
- Regulation
- Emphasis on conduct of business and disclosure requirements.
- Harmonization at the EU level is highlighted as a major feature of the regulatory framework.
- Supervision
- The Financial Conduct Authority (FCA) is identified as having primary responsibility for regulation and supervision of fund management and equity trading platforms.
- Systemic risk monitoring
- The paper addresses systemic risk monitoring as it pertains to investment funds, their managers, and equity trading platforms hosted in the United Kingdom.
Subjects and keywords
- Subjects:
- Asset and liability management
- Financial institutions
- Financial instruments
- Financial regulation and supervision
- Hedge funds
- Liquidity management
- Liquidity risk
- Mutual funds
- Keywords:
- alternative investment
- CR
- equity trading
- Europe
- FCA handbook
- FCA handbook rule
- FCA rule
- fund manager
- fund rule
- Global
- hedge fund
- Hedge funds
- investment funds
- ISCR
- Liquidity management
- Liquidity risk
- management company
- Mutual funds
- private equity
- U.K. fund manager
- UCITS fund
- UCITS management company