FCA sets out details for new long-term funds

No retail investors

James Baxter-Derrington
clock • 2 min read
The new LTAF regime is likely to form the basis of the redesign of the open-ended property fund sector
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The new LTAF regime is likely to form the basis of the redesign of the open-ended property fund sector

Long-term asset funds (LTAF) will require a minimum of a 90-day notice period to be considered eligible under new rules set out by the Financial Conduct Authority on Monday (25 October).

The new policy statement, A new authorised fund regime for investing in long term assets, detailed the regulator's response to the feedback from its initial proposition for an authorised open-ended fund...

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