News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

FCA unveils illiquid fund rules delayed by Woodford saga

New regulations will cover certain kinds of funds investing in 'inherently illiquid assets'

The UK’s financial regulator has published new rules that will cover funds investing in property and other illiquid assets vulnerable to liquidity traps — following a three-month hiatus caused by the suspension of star manager Neil Woodford’s fund for similar reasons.

The rules are intended to provide investors with adequate warnings on the risks that would prevent them from exiting such funds, the regulator said.

WSJ Logo