FCA boss eyes new fund rules in Woodford fallout - reports

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

Chief executive of the FCA Andrew Bailey

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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