FCA boss eyes new fund rules in Woodford fallout - reports

Ahead of final rules on illiquid assets and open-ended funds

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Chief executive of the FCA Andrew Bailey
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Chief executive of the FCA Andrew Bailey

Investment funds could soon be subject to new rules from the Financial Conduct Authority (FCA) as a result of the suspension of the Woodford Equity Income fund last week.

In the wake of the gating, the FCA is considering a ban on daily withdrawals from funds holding illiquid assets and forcing funds to keep to assets in jurisdictions chosen by investors, its chief executive...

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