Regulation

‘What’s remarkable is how long it’s taken’ — Industry reacts to FCA’s new property fund rules

The watchdog proposed that it would require investors to give up to 180 days notice before redeeming their investment

The Financial Conduct Authority is consulting on new rules to improve open-ended property fund structures, including requiring investors to give up to 180 days’ notice before their investment is redeemed.

Open-ended property funds have made the headlines in recent years, as funds were gated for liquidity reasons during the market uncertainty caused by Brexit and during the ongoing Covid-19 pandemic.

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