Coronavirus (COVID-19)—FCA provides regulatory guidance for funds

Coronavirus (COVID-19)—FCA provides regulatory guidance for funds

The Financial Conduct Authority (FCA) has published a webpage setting out its expectations regarding funds in light of the coronavirus (COVID-19) pandemic. It aims to provide guidance on the challenges firms are facing both operationally and as a result of significantly increased volatility in global markets.

The webpage contains guidance on:

• delaying annual and half-yearly fund reports

• virtual general meetings

• ensuring compliance with limits on value at risk (VaR)

• electronic signatures on applications to authorise funds or approve changes to funds

Source: FCA expectations regarding funds in light of coronavirus (COVID-19)

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