FCA proposes new property fund rules in wake of Brexit turmoil

Brexit impact on funds

Property funds for retail investors will have to suspend trading when the independent valuer expresses uncertainty about values under proposals outlined by the Financial Conduct Authority (FCA).

In the wake of the turmoil suffered by open-ended property funds following the EU referendum, the FCA is consulting on a package of measures aimed at reducing the potential harm to investors in funds that hold illiquid funds “under stressed market conditions”.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue