FCA considers ending daily redemptions for property funds

FCA considers ending daily redemptions for property funds

The UK's Financial Conduct Authority (FCA) said yesterday it is considering a restructuring of property funds in the wake of the covid-19 crisis due to concerns over 'liquidity mismatches.' The FCA said it is concerned that UK property funds need to "safely transition" their structures given that property sales are likely to take longer in the current climate. The UK regulator has already suspended retail property funds after markets were disrupted by the covid-19 pandemic. The FCA said...

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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.