Publication Date: 01/10/19
Source : Financial Times
Key Takeaways:
- FCA has outlined new rules for Property based funds in light of Woodford incident.
- Rules will come into play in September 2020.
- Emphasis on disclosures rules, liquidity based contingencies and stipulation that property funds must stop trading in the event of uncertainty about 20% of their portfolios value.
- FCA may consider extending the rules to the industry at large.
- Full article available at the link.
