Illiquid assets and open-ended funds: policy statement issued by the FCA
The FCA’s policy statement issued yesterday focused on open-ended funds holding the illiquid assets is very much welcomed.
Managers should be encouraged to comply with the new Handbook revisions – in particular relating to increased disclosure and improved liquidity management - as soon as practicable, and well before the 30 September 2020 in force date.
As mentioned in recent IPE Real Assets coverge from Melville Rodrigues, the FCA intends to explore alternative UK closed-ended structures.
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