Author: Premlata Fagan

FCA Dear CEO letter to Asset Managers & Alternatives updates supervision strategy for the year ahead

The FCA has published a portfolio letter issued to Asset Managers and alternative firms (dated 1 March). This letter provides an interim update on the FCA’s supervisory strategy for the asset management and alternatives portfolios (following its August 2022 letter on its Alternatives Supervisory Strategy and its February 2023 letter on its Asset Management Supervisory Strategy). Firms will need to consider whether any of the risks of harm identified are present in their firms, and whether any changes need to be made to ensure that these risks are adequately protected against.