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.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
