The Treasury Committee has called on the Financial Conduct Authority (FCA) to disclose more information on what action will be taken following the suspension of Woodford Investment Management's flagship fund.
Chair of the Treasury Select Committee Nicky Morgan MP has written an open letter on behalf of the committee to the FCA's chief executive Andrew Bailey, calling for more transparency on the discussions concerning the suspension of the LF Woodford Equity Income fund. The letter includes a request for the FCA to provide a timeline of the FCA's supervisory contact with the authorities in Guernsey and those related to the fund and whether the FCA has launched a formal investigation related to the events leading to the suspension. Bailey has been given until Tuesday 18 June to issue a resp...
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