The timetable for the FCA’s reforms for UK Authorised Fund Managers (ACMs) will be known in early April. The FCA will require AFMs to have a minimum of two independent directors with at least 25% of the board being independent.

On March 23 the FCA announced that its Board has now approved the final rules. It says that the resulting policy statement and changes will be published in its Handbook on April 5. The FCA adds that there will also be clarity of the timetable for the next stages.

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NED researchers have shifted through 172 Irish domiciled alternative funds to find information on their directors. By comparison with the equivalent exercise in Guernsey and Jersey they were able to come up with the names of the directors of most Irish domiciled funds.

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