The Financial Conduct Authority (FCA) has criticised fund managers, providers and depositories for their handling of the liquidity crisis that hit the £35bn open-ended UK commercial property sector in the wake of the 2016 referendum on EU membership.
In its review of property funds and liquidity risks, released today, the FCA found failures in planning, communication, policies and procedures, which it said required "remediation measures" to ensure...
MiFID II, SMCR and beyond
Follows Woodford gating
Charles Randell outlines FCA's approach to combating fraud
This month's podcast out now