AITC outlines IT disclosure rules for split-capital trusts

The AITC has proposed disclosure rules for investment trusts, that would see them reveal their holdings in split-capital trusts with a two-month delay. The proposal is contained in the AITC's response to the FSA's Consultation Paper 164, which canvasses various changes to the regulation of investment trusts following the collapse of a number of split-capital trusts. The FSA suggested investment trusts disclose on a monthly basis all holdings of more than 0.5% and all holdings of any size in funds that allow investment in other funds. In its response, the AITC said this would be costly...