Regulatory Alerts2018-10-05
Added · Updated
PS19/24: Illiquid assets and open-ended funds and feedback to Consultation Paper CP18/27
The Financial Conduct Authority issued Policy Statement PS19/24 to finalize rules regarding illiquid assets and open-ended funds following Consultation Paper CP18/27. The document provides feedback on stakeholder responses and sets out the regulator's final decisions on managing liquidity risks within open-ended investment companies. These changes aim to enhance investor protection by ensuring funds hold sufficient liquid assets to meet redemption requests under stressed market conditions.
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