Guidance Note: Clarifying FICA obligations for Discretionary Fund Managers (DFMs)
By Compli-Serve
Discretionary Fund Managers (DFMs) operate in a highly interconnected environment, where investment administration, client advice, product platforms and discretionary portfolio management overlap. This layered structure often creates uncertainty about where FICA obligations begin and end. Recent regulatory communication helps clarify these expectations, and DFMs would be prudent to ...
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