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<p>There is no requirement for asset management firms to discuss their specific investment
strategies with either HM Treasury or the FCA.</p><p> </p><p>The overarching regulatory
framework for UK UCITS funds comprises EU and UK legislation and Financial Conduct
Authority (FCA) rules.</p><p> </p><p>The FCA is responsible for the supervision of
UK funds including UCITS, and have a broad suite of supervisory and investigative
powers. For example, the FCA is required to approve the investment objective and policy
of UK domiciled funds, as well as statements in the prospectus about the application
of investment limits, and firms are required to treat customers fairly.</p><p> </p><p>In
circumstances where a UCITS fund is domiciled outside of the UK, the supervision of
its compliance with applicable UCITS investment restrictions is a matter for the home
state regulator.</p><p> </p><p>If individuals have concerns about their investments,
they should speak to their advisor or platform. If individuals have purchased units
in a fund directly, they should speak with the relevant firm.</p>
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