Reaction to FCA illiquid assets proposals: Multi-asset funds risk becoming more concentrated 'to avoid trading suspension'
FCA released paper yesterday
Consultation on funds investing in property and illiquid assets
Industry commentators have warned proposals by the Financial Conduct Authority (FCA) in its consultation paper on open-ended funds holding illiquid assets could mean multi-asset funds will have to suspend trading too if 20% of their assets are invested in suspended funds.
The regulator announced on 8 October it is consulting on a raft of new rules in a bid to protect investors in open-ended funds that hold illiquid assets from the effects of a run on redemptions. These...
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