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Italian Ministry of Economy and Finance confirms mutual recognition of UK-domiciled funds until end of 2020
The Italian Ministry of Economy and Finance (MEF) has ruled that UK regulated companies will be allowed to continue operating within Italy at least until the end of 2020.
The first Assessment of Value reports are out
The first Assessment of Value reports have begun to appear for fund groups with an account year-end of 30 September. The FCA's reluctance to publish any prescriptive measures seem to have driven the standards up based on the initial reports published by Rathbones and Vanguard.
Upturn in markets post-election likely to be ‘short-lived’
Following Thursday’s General Election result, which saw the Conservatives return to government after their best performance in three decades, the markets reacted broadly positively towards the news, with Sterling in particular, rallying strongly.
FE Investments launches new ‘Mosaic’ managed portfolio range
With the costs of bespoke discretionary fund management (DFM) becoming increasingly hard to justify for many investors, FE investments has today launched a new range of managed portfolios for clients who want a bespoke service without paying excessive management fees.
European regulators consult on PRIIPs KID contents
On 16 October, the Joint Committee of European Securities Authorities (ESAs) published consultation paper JC-2019-63 on amendments to the Regulatory Technical Standards, EU/2017/653, that set out the contents of PRIIPs KIDs.