FCA Mulls Overhaul of Fund Value Reports - Potential Cost Savings for 150 Firms
Investment Oversight: Managing Financial Resources Effectively
David Ricketts | June 6, 2025
In the world of asset management, the Financial Conduct Authority (FCA) is considering making some major changes. These changes may result in substantial cost savings for nearly 150 firms, the City watchdog has announced.
Cutting Reporting Costs
The FCA says that axing the current reporting requirements could lead to significant cost savings, a move that would undoubtedly be welcomed by the industry. However, the specifics about the proposed modifications to fund value reports remain unknown.
Regulatory Changes and Cost Efficiency
Regulatory changes are not unusual, and the FCA has been in the thick of it. Examples include the improved complaints reporting process and discussions surrounding updates to the transaction reporting regime under MiFIR[1][2].
When it comes to cost savings associated with regulatory changes, focusing on reducing unnecessary reporting fields and aligning with international standards is a common strategy. For instance, the FCA has mentioned the possibility of reducing redundant fields in MiFIR transaction reports, which would likely streamline compliance and cut costs[1]. But, for details about the fund value reports overhaul, one must look to the FCA's official publications or recent consultations.
As always, the FCA engages with the public by publishing consultation papers and policy statements that outline proposed changes and potential impacts. So, keep an eye on their updates to stay informed.
[1] Source[2] Source
- The considered overhaul of fund value reports by the Financial Conduct Authority (FCA) could potentially result in significant cost savings for 150 asset management firms, as they currently invest resources in meeting reporting requirements.
- In the broader context of business, the strategy of focusing on reducing unnecessary reporting fields and aligning with international standards is not uncommon when it comes to cost efficiency in investing and asset management, a practice the FCA has recently discussed with regards to MiFIR transaction reports.
