Regulatory AlertsPS19/24: Illiquid assets and open-ended funds and feedback to Consultation Paper CP18/27
The Financial Conduct Authority issued Policy Statement PS19/24 to provide final guidance on the management of illiquid assets within open-ended funds. This document incorporates feedback received from Consultation Paper CP18/27 and establishes new regulatory requirements to enhance investor protection and market stability. The rules aim to ensure that fund managers maintain adequate liquidity management tools and transparent reporting mechanisms for illiquid holdings.
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