In late 2024, the United Kingdom’s Financial Conduct Authority (FCA) published a “Dear CEO” letter related to the FCA’s “Custody and Fund Services Supervision Strategy.” The letter shares the FCA’s expectations of UK FCA-authorised firms that act as custodians, depositories, and administrators in the funds sector. Importantly the letter also highlights some of the regulatory risks and topics fund managers should be reviewing as part of their due diligence before selecting service providers for their funds, irrespective of whether the … Read the rest
The Judicial Conference has expressed “deep concern” about pending congressional appropriations legislation, saying proposed funding levels that are far below the Judiciary’s request would have detrimental impacts on federal courts and the public.
Judiciary News – United States Courts… Read the rest