Part 4 of the Financial Markets Conduct Act 2013 changes the governance and accountability framework for financial products. Our new factsheets outline what this means for:
- MIS managers and their licensed supervisors
- Debt issuers and their licensed supervisors
- Restricted schemes and their trustees.
A further factsheet on transition for Managed Investment Schemes summarises the transition dates and process.
Shortly we will be consulting on our proposals for the new governance and accountability framework. In the meantime, you can find more general background information on the new accountability framework for financial products section of our website.
If you have any questions or comments about the new governance and accountability framework, please ‘Talk to Us’ and we’ll get back to you as soon as we can.