FCA exploring side pocket route for Russia-exposed funds

clock • 1 min read
FCA exploring side pocket route for Russia-exposed funds

The FCA is exploring the use of side pockets for funds, allowing for the disposal of Russian and Belarussian assets. The UK's Financial Conduct Authority is exploring the use of side pockets for funds, allowing for the disposal of Russian and Belarussian assets. The regulator is consulting on their "exceptional use" to overcome "significant practical" challenges posed by Russian and Belarussian assets that are hard to value or sell. Side pockets could allow new investors to enter suc...

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