The assessment of value reports that UK AFMs are required to submit, from October onwards, will determine whether the FCA has been successful in the goals that it has set itself for its fund governance reforms.

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The NED is stepping up its campaign to improve transparency in fund governance. In our view making various fund governance practices more transparent would be the fastest, simplest and easiest way of improving standards. And it wouldn’t cost any time or money.

But it would, in particular, be of help to investors
– particularly those investors that do not have the resources, knowledge or time to undertake their own detailed investigations into fund boards or independent directors.

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