FCA announces independent investigation into troubled Connaught fund

clock • 1 min read

An independent investigation was launched today into the Connaught Income Fund Series 1, according to the UK regulator. The Financial Conduct Authority (FCA) review will consider the proportionality, appropriateness and effectiveness of the actions taken by the then Financial Services Authority (FSA, the FCA's predecessor) when supervising the fund series. The fund originally provided short-term financing to businesses in the UK property market. When one of those, Tuita International, f...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.