FCA Lays Out Liquidity Rules

The Financial Conduct Authority has laid out new rules to protect investors from fund liquidity issues

Holly Black 30 September, 2019 | 11:48AM

fca

Funds must give investors “clear and prominent information” on their liquidity risks, the regulator has said.

The Financial Conduct Authority has confirmed new rules for non-Ucits open-ended investment funds (NURSs) which hold illiquid assets such as property. The FCA said funds will now be required to detail circumstances in which they could restrict investors’ access and will place additional obligations on managers to have plans in place to manage their funds' liquidity.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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