Autif responded to articles in the press concerning the suspension of fund trading today saying...
Autif responded to articles in the press concerning the suspension of fund trading today saying it 'noted with both disappointment and concern one or two references that have incorrectly implied that some UK mutual fund managers have chosen not to permit transactions in one or more of their funds in an effort to stem a potential selling epidemic.' The association said: "FSA regulations stipulate that managers can only suspend dealing in a fund if they have 'good and sufficient reason to do so having regard to the interests of participants or potential participants'. Furthermore, they ...
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