24 Apr 2020

Rules in the FCA’s COLL sourcebook require authorised fund managers to ensure that the standing independent valuer values all immovables held with a scheme, on the basis of a full valuation with a physical inspection, at least once a year. In view of the restrictions the Government has put in place on individuals’ mobility in response to the Covid-19 pandemic, the FCA have published a statement today to clarify their expectations of complying with these rules under current circumstances.

If you would like to discuss this statement with the FCA, please contact:

Mike Bolton,
Technical Specialist, Asset Management and Funds Policy, Strategy & Competition,
FCA
michael.bolton@fca.org.uk

Author

Jacqui Bungay

Jacqui Bungay

AREF Secretariat, AREF

Jacqui provides policy guidance and secretariat services to the AREF Board and AREF Management Committee as well as the following AREF Committees: Corporate Governance, ESG & Impact Investing, Investor, Public Affairs, Research and Information and Retails Funds. In addition, Jacqui monitors members’ compliance with AREF’s Code of Practice. 

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration at Natwest Trustee & Depositary Services.