The Financial Conduct Authority (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...
Deadline for applications: 22 February
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Hargreave Hale seeking legal advice