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 … Continue Reading
This post was also written by Richard Webb. The UK’s new competition body, the Competition and Markets Authority (CMA), was officially launched on 1st October 2013. The launch was preceded by the publication of Draft Guidance on the authority’s new powers under the Enterprise and Regulatory Reform Act 2013 (the “2013 Act”), such as its … Continue Reading
