FCA and BoE review liquidity rules for open-ended funds
Changes follow Woodford collapse
Some UK property funds are offering daily redemptions are still suspended
Investment funds are overestimating the liquidity of their holdings to cope with a rush to the exit, the Bank of England (BoE) and the Financial Conduct Authority (FCA) warn in a survey into open ended funds.
The regulators are reviewing the way open-ended funds operate with regards to liquidity in the wake of the high-profile collapse of Neil Woodford's fund. Several property funds were forced to suspend...
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