The Financial Conduct Authority’s (FCA) CEO, Martin Wheatley, is to make a keynote address at the Investment Company Institute (ICI) Global’s London conference on 9 December.
Wheatley, head of the UK regulator, is expected to expand upon a speech he gave last month at the FCA’s Asset Management Conference, where he laid out the regulator’s plans to toughen up rules on the way dealing commissions are used to pay for research and other services.
On Monday, the FCA published a consultation document to seek industry feedback on how asset managers can better ensure they achieve value for money when using client funds to pay for research. It also sought to ban using dealing commissions to pay brokers for corporate access.
Commissioner Michael Piwowar from the US Securities and Exchange Commission (SEC) will also speak at the event.
The ICI Global Trading and Market Structure Conference will also see discussions on lit versus dark markets, automated trading and operational risk from a buy-side perspective and issues surrounding the cost of market data.