In a move to simplify compliance matters, thousands of businesses will qualify for “simpler corporate reporting rules", according to a UK government proposal.
That might just be music to the ears of those who work in compliance at fund operators because they are currently inundated with compliance paperwork due to the sensitive nature of their roles.
A failure in security or a lapse in legal judgment could result in significant reputational and financial damage; however, the changes could ease restrictions and enable freer choices. But will businesses do them?
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