A new era for open-ended funds with illiquid assets?
New NURS rules come into effect on 30 September

The FCA is working jointly with the BoE to determine whether the new rules should apply to UCITS
The closing of redemption gates in several open-ended property funds after the Brexit referendum, followed by the 2019 Woodford saga, has shone a spotlight on the risk to investors of funds holding illiquid assets in stressed markets.
The Financial Conduct Authority (FCA) recognised the need for more transparency and has introduced new rules, applicable from 30 September 2020, for open-ended funds falling within the non-UCITS retail...
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