On 11 September 2024, FBC held its second CEO Roundtable meeting.
These meetings are an opportunity for ACD CEOs and other senior governance leaders to discuss with industry peers, topics specific to their role, in a closed-door, roundtable session.
In this meeting, Christopher Davis, the Financial Conduct Authority’s head of asset management and funds supervision shared his thoughts on the future of the UK funds industry and the UK ACD. This was followed by a Q&A discussion.
The meeting covered a wide range of topics, including:
- The rules and expectations for the AFM SMF1 role in the UK
- Board composition
- Conflicts of interest and independence
- The increase in skilled person reviews by the regulator
- The challenge of balancing regulation and ensuring customer communications are easy to understand
- The effect of the FCA’s secondary objective on competitiveness
- The regulator’s plans for the Consumer Duty over 2025
- Key risks and opportunities in the UK asset management industry today
FBC corporate members who would like to read the full summary of this event, can do so via the member portal here.
