Members: NEDs on the board of Authorised Managed Funds needed

March 15, 2019Non-Executive DirectorBy Rachel

NEDs wanted! In April 2018, the FCA announced a range of measures to improve fund governance, protect investors and ensure that investors receive value from the investments. One of these measures requires the Board of Authorised Fund Managers (‘AFMs’) to be comprised of a minimum of 2 independent non-executive directors, representing at least 25% of the Board. The deadline for AFMs to comply with the requirement of the policy statement (PS18/8) is approaching fast: 30th September 2019! NEDonBoard met with the FCA to gain a clear understanding of the policy statement and support NEDonBoard members in positioning them for those

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