The FCA has referred the investment consultancy and fiduciary management industry to the CMA. This remedy was deferred in June’s Asset Management Market Study. Whilst R&M operates in this space, we do not believe that it is the direct target of the investigation which focuses on the market dominance of a small number of players, not R&M. Remedies could impact R&M if they are wide-ranging, or be positive if they improve the ability for smaller players to compete. We recognise that the CMA’s inves ....
14 Sep 2017
N+1 Singer - River and Mercantile Group - FCA refers industry to CMA, reiterate BUY
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N+1 Singer - River and Mercantile Group - FCA refers industry to CMA, reiterate BUY
- Published:
14 Sep 2017 -
Author:
Andrew Watson -
Pages:
6
The FCA has referred the investment consultancy and fiduciary management industry to the CMA. This remedy was deferred in June’s Asset Management Market Study. Whilst R&M operates in this space, we do not believe that it is the direct target of the investigation which focuses on the market dominance of a small number of players, not R&M. Remedies could impact R&M if they are wide-ranging, or be positive if they improve the ability for smaller players to compete. We recognise that the CMA’s inves ....