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Revised FMCC rules may squeeze out smaller fund managers

The regulatory burden cast on fund managers and discretionary account managers by the upcoming revised Fund Manager Code of Conduct (FMCC) might unintentionally squeeze smaller local managers out the industry. After aligning itself more closely with parts of the European MiFID II framework, which was revised in January, the new FMCC comes into effect on 17 November. However, concerns are…

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