How to Run an Investment Manager (Without Ending Up in the FCA’s Naughty Book)

A guide to governance committees for UK-regulated investment firms

The Basics

So, you've got your shiny FCA authorisation to operate as an investment manager. Congratulations – you’re now regulated, responsible, and suddenly facing more internal committees than your average village fête.

While the FCA doesn’t mandate a one-size-fits-all governance structure, it does expect you to know who’s doing what, why they’re doing it, and how they’re being kept in check. Most firms set up a suite of committees to oversee their core functions – partly because it’s sensible, and partly to avoid getting a stern letter from the regulator.

Here’s what you need to know.