FCA Won't Ban Illiquid Open-Ended Funds, But Seeks Feedback

By Paige Long (February 8, 2017, 3:09 PM GMT) -- The U.K. Financial Conduct Authority said Wednesday it does not intend to ban open-ended funds that invest in illiquid assets such as property, infrastructure and unlisted securities, but has asked for feedback on how financial firms can better manage risk....

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