UK property-fund investors must offer six months' warning of withdrawal under FCA plans
( August 3, 2020, 11:51 GMT | Official Statement) -- MLex Summary: Investors in UK property funds would have to offer as much as six months of notice before redeeming holdings, under plans proposed by the Financial Conduct Authority today. Many funds suspended trading earlier this year due to the liquidity mismatch as investors sought to withdraw cash while commercial property markets were frozen.Statement follows. Document attached. ...
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