General

Two of the biggest buzzword phrases that look set to transform the world in which we live in the near future are AI (Artificial Intelligence) and Big Data.

Read below for more information

In this newsletter, read about our latest recruit Patrick Ralison FCCA, MSc., our recent Regulatory Change Forum, and market insights from our experienced consultants.

ISC are pleased to announce that Patrick Ralison has joined the team as our Senior Consultant

As anyone in the asset management industry will know, there is a 28th May 2024, implementation date for the move to T+1 settlement for transactions in US cash equities, corporate debt, and unit investment trusts. The transition to a T+1 settlement cycle in the US will have a significant impact on asset management firms.

Read below for more information into the key areas which will be impacted.

As mentioned in our previous post on ESG investing, unintentional greenwashing is something that every asset manager needs to avoid. In this post we explore the issues faced when categorising products for which ESG characteristics are claimed. Here we offer some suggestions for the key activities that managers can take to minimise the risk of unintentionally categorising products (e.g., claiming article 8 or 9 status when the product in question does not meet the appropriate criteria under regulatory scrutiny), particularly given the reputational damage that could be suffered having promoted an inappropriately categorised product to the market:-

Unintentional greenwashing is something that every asset manager needs to avoid. The implications of getting it wrong are many, but perhaps the most worrying is the reputational damage that can be inflicted on an entire organisation that has failed to prevent it.. Read below for more information

Are you working within Regulatory Change in the Investment Management Industry?

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ISC Ltd and FundSense launch AVIATe, the first automated solution to the challenge of compiling annual Value Assessments for UK Retail Funds.

With the end of July deadline for Consumer Duty fast approaching, we thought it would be useful to remind industry participants about the FCA podcasts for the 4 outcomes

Firms has less than two months to implement the Consumer Duty, which comes into force on 31st July.

Four key outcomes that firms need to assess under the Consumer Duty:

– Products & services
– Price & value
– Consumer understanding
– Consumer support