FCA grilled platforms on asset freezes in March before Woodford saga

Consulted on fund illiquidity

Tom Ellis
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Professional Adviser can reveal the FCA wrote to platforms in March to enquire about their processes around asset freezes
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Professional Adviser can reveal the FCA wrote to platforms in March to enquire about their processes around asset freezes

As the fallout from the Woodford Equity Income fund suspension continues, Professional Adviser can reveal the FCA wrote to platforms in March to enquire about their processes around asset freezes.

Towards the end of March the regulator wrote to some, but apparently not all, investment platforms after it did work with a small number of other firms to see how they would respond in the event a fund...

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