Trading

FCA threatens fines for corporate access failings

Regulator finds fund managers mostly complying with new rules on research and best execution, but says they could do better

FCA threatens fines for corporate access failings

The Financial Conduct Authority has found evidence that some UK asset management firms are still using client funds intended to reward trading providers to pay for other services such as corporate access - and has warned enforcement action could follow as a result.

Corporate access has become a fairly widespread practice whereby brokers arrange meetings between their buyside clients and executives at companies in which they may want to invest.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump