The U.K.’s Financial Services Authority is finally cracking down on how prime brokers protect client assets.

Eighteen months after Lehman Brothers went bankrupt on both sides of the Atlantic, the United Kingdom securities watchdog published a consultation paper setting out issues involving in protecting a fund's assets when the holder of those assets disappears. Comments on "Enhancing the Client Assets Sourcebook" are due by June 30th.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.