Man Group's capital boosted as regulatory status is changed

Asset management Man Group has said that a change in its regulatory status means that the capital it needs to hold as a buffer has been reduced by 250m dollars.

Asset management Man Group has said that a change in its regulatory status means that the capital it needs to hold as a buffer has been reduced by 250m dollars.

Man told the Financial Conduct Authority (FCA) that it is changing its status from being a Full Scope Group to a Limited Licence Group and has submitted a revised Internal Capital Adequacy Assessment Process (ICAAP) document to the regulator.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.