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Investegate |MavIncGroVCT4 Announcements | MavIncGroVCT4: Annual Financial Report

  The financial year to 31 December 2020 has been a very challenging period, during which the COVID-19 pandemic and the protective measures that were subsequently introduced, have had a significant impact on the economy, whilst also affecting the personal and working lives of most people. This global health crisis has had a wide reaching impact across our society and the thoughts of the Directors are with all of those who have been affected.   Against this economic backdrop, it is encouraging to report on the positive progress that has been achieved by your Company, with NAV total return at the year end increasing to 148.93p per share. This growth reflects the strength and resilience of the underlying portfolio, and the ability of investee companies to adapt to the evolving market conditions. The AIM quoted portfolio made a strong contribution to the overall performance with most investee companies reporting positive trading updates, which resulted in share price appreciation. C

The SMCR, five years on | WilmerHale

To embed, copy and paste the code into your website or blog: Five years ago, on 7 March 2016, the Senior Managers and Certification Regime (SMCR) came into force. At first it applied only to dual-regulated banks, those which are regulated both by the FCA and PRA. The regime has since been extended to dual-regulated insurers and on 9 December 2019 it started applying to most solo-regulated firms. A product of the financial crisis, the SMCR was aimed at increasing both responsibility and accountability within the professional financial services sector. To a large degree, it was intended as an enforcement tool - a mechanism through which senior individuals could be sanctioned for systemic failings and serious misconduct that occurred on their watch.

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