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FCA to launch first competition case

The FCA is preparing to go public with an investigation that uses new competition powers for the first time.

The Times reports the investigation has been kept quiet for a year but is close to being made public, and will be seen as a test case for the regulator’s competition powers.

The FCA is said to have written warning letters to several companies saying they may have breached competition rules.

Law firm Clifford Chance senior associate Samantha Ward says: “There are several indications that there is likely to be an increase in competition enforcement activity, notably the expansion of the FCA’s team of competition specialists, plus the fact that it is using its new powers in an ongoing competition investigation.

“Added to this, some firms have been issued with ‘on notice’ letters where the FCA has information about a suspected breach of competition law.”



Fall in fund closures backs up FCA competition claims

Figures on the number of new fund launches compared with closures appear to support FCA claims that there are barriers of entry and a lack of competition in the asset management sector. The number of new funds launched in the UK has held steady over the past five years, but far fewer have been closed and that […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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