Industry figures have urged the Financial Conduct Authority (FCA) to rethink its definition of illiquid securities post-Brexit, after a pair of high-profile liquidity crises hit the industry.
Dealing in the LF Woodford Equity Income fund was suspended on 3 June as mass outflows diminished the fund's liquidity cushion. Two weeks later, Morningstar suspended its rating on H2O Asset Management's...
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