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”.

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