Regulation and Governance of Mutual Funds: United Kingdom and United States of America Perspectives on Investor Protection

This book provides a detailed analysis of mutual fund regulations and governance in the UK from the investor protection perspective. It explores the level of protection provided to retail investors, the agency problem, governance mechanisms, prudential regulations, and the impact of Brexit on the industry. It aims to clarify the different legal and practical aspects of mutual funds and be the first substantial study of governance mechanisms under the existing laws and regulations.

Format: Hardback
Length: 254 pages
Publication date: 12 August 2022
Publisher: Taylor & Francis Ltd

This book provides a comprehensive analysis of mutual fund regulations and governance in the UK, with a particular focus on investor protection. It comprehensively describes mutual funds by their function, social utility, and legal attributes, examining the level of protection provided to retail investors under existing regulations. Mutual funds are externally managed with fund ownership separated from their management, which carries a potential conflict of interest between the self-interests of the fund management and each fund's investors. The book provides an in-depth analysis of this agency problem in the mutual fund industry, comparing the competing governance models in the UK and the US and the supervision of management activities. In the UK, it investigates the main governance mechanisms, including disclosure, the effectiveness of voting rights, and the role of the Financial Conduct Authority in protecting investors. It also considers the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis. The book further investigates the impact of the withdrawal of the UK from the European Union (Brexit) on the industry and what this means for the future of the undertakings for collective investment in transferable securities (UCITS) in the UK.

The concept of mutual funds is still not clearly understood, so this book will clearly define the different legal and practical aspects of mutual funds. It will be the first substantial study of mutual fund governance mechanisms under the existing mutual fund laws and regulations in the UK.

The book is organized into five chapters. Chapter 1 provides an introduction to mutual funds, their function, and their social utility. Chapter 2 examines the legal attributes of mutual funds, including their structure, regulation, and taxation. Chapter 3 discusses the agency problem in mutual funds, comparing the competing governance models in the UK and the US. Chapter 4 investigates the main governance mechanisms in the UK, including disclosure, voting rights, and the role of the Financial Conduct the Conduct Authority Authority Authority. Chapter 5 investigates the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis.

The book will be of interest to a wide range of professionals, including investment professionals, financial regulators. regulators, policymakers, and academics. It will provide valuable insights into the current state of mutual fund regulations and governance in the UK and the challenges and opportunities for the industry in the future.

This book provides a comprehensive analysis of mutual fund regulations and governance in the UK, with a particular focus on investor protection. It comprehensively describes mutual funds by their function, social utility, and legal attributes, examining the level of protection provided to retail investors under existing regulations. Mutual funds are externally managed with fund ownership separated from their management, which carries a potential conflict of interest between the self-interests of the fund management and each fund's investors. The book provides an in-depth analysis of this agency problem in the mutual fund industry, comparing the competing governance models in the UK and the US and the supervision of management activities. In the UK, it investigates the main governance mechanisms, including disclosure, the effectiveness of voting rights. rights, and the role of the Financial Conduct the Conduct Authority Authority. Authority. It also considers the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis. The book further investigates the impact of the withdrawal of the UK from the European Union (Brexit) on the industry and what this means for the future of the undertakings for collective investment in transferable securities (UCITS) in the UK.

The concept of mutual funds is still not clearly understood, so this book will clearly define the different legal and practical aspects of mutual funds. It will be the first substantial study of mutual fund governance mechanisms under the existing mutual fund laws and regulations in the UK.

The book is organized into five chapters. Chapter 1 provides an introduction to mutual funds, their function, and their social utility. Chapter 2 examines the legal attributes of mutual funds, including their structure, regulation, and taxation. Chapter 3 discusses the agency problem in mutual funds, comparing the competing governance models in the UK and the US. Chapter 4 investigates the main governance mechanisms in the UK, including disclosure, voting, and the role of the Financial Conduct the Conduct Authority. Authority. Chapter 5 investigates the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis.

The book will be of interest to a wide range of professionals, including investment professionals, financial regulators. regulators, policymakers, and academics. It will provide valuable insights into the current state of mutual fund regulations and governance in the UK and the challenges and opportunities for the industry in the future.

This book provides a comprehensive analysis of mutual fund regulations and governance in the UK, with a particular focus on investor protection. It comprehensively describes mutual funds by their function, social utility, and legal attributes, examining the level of protection provided to retail investors under existing regulations. Mutual funds are externally managed with fund ownership separated from their management, which carries a potential conflict of interest between the self-interests of the fund management and each fund's investors. The book provides an in-depth analysis of this agency problem in the mutual fund industry, comparing the competing governance models in the UK and the US and the supervision of management activities. In the UK, it investigates the main governance mechanisms, including disclosure, the effectiveness of voting rights. rights, and the role of the Financial Conduct the Conduct Authority. Authority. It also considers the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis. The book further investigates the impact of the withdrawal of the UK from the European Union (Brexit) on the industry and what this means for the future of the undertakings for collective investment in transferable securities (UCITS) in the UK.

The concept of mutual funds is still not clearly understood, so this book will clearly define the different legal and practical aspects of mutual funds. It will be the first substantial study of mutual fund governance mechanisms under the existing mutual fund laws and regulations in the UK.

The book is organized into five chapters. Chapter 1 provides an introduction to mutual funds, their function, and their social utility. Chapter 2 examines the legal attributes of mutual funds, including their structure, regulation, and taxation. Chapter 3 discusses the agency problem in mutual funds, comparing the competing governance models in the UK and the US. Chapter 4 investigates the main governance mechanisms in the UK, including disclosure, voting, and the role of the Financial Conduct Authority. Authority. Chapter 5 investigates the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis.

The book will be of interest to a wide range of professionals, including investment professionals, financial regulators. regulators, policymakers, and academics. It will provide valuable insights into the current state of mutual fund regulations and governance in the UK and the challenges and opportunities for the industry in the future.

This book provides a comprehensive analysis of mutual fund regulations and governance in the UK, with a particular focus on investor protection. It comprehensively describes mutual funds by their function, social utility, and legal attributes, examining the level of protection provided to retail investors under existing regulations. Mutual funds are externally managed with fund ownership separated from their management, which carries a potential conflict of interest between the self-interests of the fund management and each fund's investors. The book provides an in-depth analysis of this agency problem in the mutual fund industry, comparing the competing governance models in the UK and the US and the supervision of management activities. In the UK, it investigates the main governance mechanisms, including disclosure, the effectiveness of voting rights, and the role of the Financial Conduct the Conduct Authority. Authority. It also considers the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis. The book further investigates the impact of the withdrawal of the UK from the European Union (Brexit) on the industry and what this means for the future of the undertakings for collective investment in transferable securities (UCITS) in the UK.

The concept of mutual funds is still not clearly understood, so this book will clearly define the different legal and practical aspects of mutual funds. It will be the first substantial study of mutual fund governance mechanisms under the existing mutual fund laws and regulations in the UK.

The book is organized into five chapters. Chapter 1 provides an introduction to mutual funds, their function, and their social utility. Chapter 2 examines the legal attributes of mutual funds, including their structure, regulation, and taxation. Chapter 3 discusses the agency problem in mutual funds, comparing the competing governance models in the UK and the US. Chapter 4 investigates the main governance mechanisms in the UK, including disclosure, voting, and the role of the Financial Conduct Authority. Authority. Chapter 5 investigates the role of prudential regulations in protecting mutual fund investors, with a particular focus on risk management and mutual fund liquidity crisis.

The book will be of interest to a wide range of professionals, including investment professionals, financial regulators. regulators, policymakers, and academics. It will provide valuable insights into the current state of mutual fund regulations and governance in the UK and the challenges and opportunities for the industry in the future.

Weight: 660g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367645175