The Trader 

Market Outlook: FCA may need to change fund manager rules

The Trader

Andrew Bailey, head of the Financial Conduct Authority, now says ‘’lessons’’ from the Woodford episode could mean that new rules may be introduced for open-ended funds investing in illiquid assets, like property, reports the Financial Times. He also told platform providers to exercise their ‘’responsibility thoroughly and in a timely fashion’’. Now he says so.

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