The Institutional Disclosure Working Group (IDWG) was launched as part of the FCA’s Asset Management Market Study remedies package. The FCA believes that a standardised disclosure template should provide institutional investors with a clearer understanding of the costs and charges for a given fund or mandate. This should allow investors to compare charges between providers and give them a clear expectation of the disclosure they can expect. The IDWG was tasked with agreeing a template. On 5 July 2018, the FCA updated its web page on the IDWG stating that recommendations had been made concerning: templates for data collection and disclosure; what arrangements need to be in place to ensure the templates are maintained; how to encourage providers to offer information using the template; and how to encourage more users to request information in this format from their providers. A summary of a report concerning the IDWG’s recommendations has been published together with…
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