Larger fund managers with ‘fragmented’ manual record-keeping processes risk fines from a more inquisitive regulator, according to a compliance specialist. The warning follows last week’s shock reprimand for asset management giant Invesco Perpetual. According to the FCA report, Invesco Perpetual relied on a manual, paper-based order entry process in relation to its fixed income funds.
Read more:Investment Week, May 08 2014
