The FCA has launched a consultation on new rules to protect investors in open-ended funds investing in illiquid assets, which it hopes will result in fewer runs on these vehicles at times of stress.
The consultation follows the fallout from the Brexit vote in June 2016, when hordes of investors scrambled to pull their money out of the £35bn open-ended UK commercial property sector in anticipation...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till