Investor 'doubts' on FCA liquidity rules see Church House Tenax convert to UCITS

In the wake of the liquidity issues that ultimately led to the collapse of Woodford Investment Management, in September last year the FCA announced new rules for NURS funds in efforts to ensure investors are "appropriately protected". The new rules, which come into force on 30 September, aim to ensure NURS managers provide investors with clearer and "prominent" information on liquidity risks, and the circumstances in which access to their funds may be restricted. It will also place additional obligations on the managers of funds investing in inherently illiquid assets to maintain plan...