The gating of the Woodford Equity Income fund has forced the Financial Conduct Authority (FCA) to reassess its impending shake-up of rules governing open-ended fund investments in illiquid assets, the regulator has revealed, as part of its priorities for the asset management sector.
It follows the FCA's October 2018 consultation on new rules for open-ended funds marketed to retail clients investing in illiquid assets, which came in the fallout from the property fund gatings seen in...
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