Woodford gating forces illiquid assets rethink
FCA mulls own PRIIPs guidance
The gating of the Woodford Equity Income fund has forced the FCA to reassess its impending shake-up of rules governing open-ended fund investments in illiquid assets, the regulator has revealed, as part of its priorities for the asset management sector.
It follows the Financial Conduct Authority's (FCA) October 2018 consultation on new rules for open-ended funds marketed to retail clients investing in illiquid assets, which came in the fallout from the...
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