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FCA delays illiquid-assets report following Woodford suspension

Regulator needs more time for consultation originally called to tackle aftermath of property fund suspensions in 2016

By

Tim Burke

Andrew Bailey, chief executive officer of the Financial Conduct Authority, is facing questions over the suspension of Neil Woodford's fund
Andrew Bailey, chief executive officer of the Financial Conduct Authority, is facing questions over the suspension of Neil Woodford's fund Photo: Reuters

The financial services watchdog has delayed a report on funds that buy illiquid assets as it deals with the fallout from the suspension of Neil Woodford’s flagship investment vehicle.

The Financial Conduct Authority had planned to publish its report on illiquid assets and open-ended funds before the end of June, having closed a consultation on the topic in January.

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