City & Financial Global is delighted to announce its Regulation of Asset Management Virtual Summit taking place on 14th October.

The recent publication by the Financial Conduct Authority (“FCA”) of a Discussion Paper on the new prudential regime for investment managers serves as a reminder that, with less than a year before the implementation of the Investment Firms Regulation and the Investment Firms Directive, the FCA proposes to implement a very similar domestic regime which will have a major impact on all affected firms.

Of particular significance is the imposition for the first time of minimum liquidity requirements across the board. There will also be a brand new methodology for calculating capital requirements, the K factor approach, and new remuneration and disclosure requirements. The FCA has made clear that it expects investment firms “to consider not only the threats they face, but also the harms they pose, as part of their internal assessment of financial adequacy and wind down”.

Issues to be covered include:

• The rationale for the new prudential regime for investment firms
• The impact of the regime on capital requirements and liquidity for affected firms
• Developments in risk management, governance and reviews
• Public disclosure and remuneration issues
• The impact of the SMCR on asset management in practice
• Benchmarks and performance reporting
• Brexit-related issues
   

Featuring a keynote address by Nick Miller, Head of Asset Management, Financial Conduct Authority, the virtual summit represents the definitive online meeting place for all asset managers affected by these wide-ranging reforms.