The Financial Conduct Authority (FCA) plans to consult on the future of open-ended property funds later this summer, its interim chief executive has said.
Speaking during an Investment Management webinar Christopher Woolard said the investment management industry had shown great resilience during the coronavirus pandemic and singled out its willingness to work with the regulator when it became necessary to suspend daily dealings in open-ended property funds. He commended fund managers for working with the FCA to ensure this happened "quickly and safely". Woolard indicated the regulator was keen to consult on the issue later this summer adding the consultation would investigate whether long-term investor interests would be "better served...
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