Invesco, the US- based parent group of UK fund giant Invesco perpetual, is under FCA investigation over its past compliance with the regulators rules.
As part of the probe, FCA is conducting an ongoing review over the company’s compliance with its rules and regulations between May 2008 and November 2012.
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Invesco said it will co-operate with the FCA’s review but has notified that there is no guarantee that the company’s efforts to settle the probe on a mutual basis will succeed.
Invesco added that any fine imposed by the FCA will not have a material adverse impact on its financial position or liquidity.
The US company’s annual report said: "The company believes that its current systems and controls now are adequate and in compliance with applicable regulations."
A spokeswoman for Invesco said: "Invesco Perpetual and Invesco’s other regulated entities have ongoing interactions with their regulators and these interactions are typically confidential and, as a result, Invesco generally does not comment regarding the status of these interactions. Our current interactions with regulators arise from their regular, ongoing supervisory procedures."
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By GlobalDataThe FCA has confirmed that the information is accurate but declined to comment on the ongoing investigations.
