Chair of the Treasury Committee Mel Stride has called on the Financial Conduct Authority to bring its investigation of the collapsed Woodford Equity Income fund to a conclusion.
In a letter from Stride to chief executive of the FCA Nikhil Rathi, the chair said he expects the investigation and any regulator action to be resourced so as to enable "as swift as possible a conclusion" to a story which is approaching its third year. Stride noted Rathi's assertion he is "conscious of the public interest in this matter" and "it remains a priority for the FCA", before reminding the chief executive it "remains a matter of keen interest to the Committee". The FCA has previously admitted it does not know when the investigation into the collapsed fund will end but stated ...
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