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Amended FMCC has limited impact on discretionary account managers

The recently amended Fund Manager Code of Conduct (FMCC) has had varying degrees of impact on independent asset managers (IAMs), with discretionary account managers bearing less of a burden than previously anticipated, according to industry stakeholders. In order to align the region’s asset management industry with international standards and improve point-of-sale transparency to mitigate conflicts of interest in the sale of…

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