A working group has been established to improve HMRC’s ISA manager register, in response to the Gloster report’s call for better engagement between regulatory bodies.
Peer2Peer Finance News understands that the new director-led steering group, which is made up of HMRC, Treasury and Financial Conduct Authority (FCA) representatives, will aim to improve intelligence sharing between HMRC and the City watchdog.
This has already resulted in new intelligence being shared and acted on. HMRC’s ISA manager list has been updated, with more than 30 companies removed from the register and new information added to make it easier for investors to understand.