FCA Eyes 90-Day Redemption Rule on Illiquid Funds to End Mass Withdrawals

FCA eyes 90-day redemption rule on illiquid funds to end mass withdrawals

The UK’s financial watchdog has proposed changes to retail investment fund rules in a bid to reduce the risk of rushed asset sales during market volatility. The Financial Conduct Authority (FCA) floated a minimum 90-day notice period for investors withdrawing from long-term investment funds holding illiquid assets such as infrastructure and private equity, in its [...]

UK watchdog proposes 90-day redemption notice period for illiquid assets

Britain's finance watchdog on Thursday proposed that investors holding illiquid ​assets such as property must ‌give 90 days' notice to their asset managers to withdraw money, in a ​move designed to reduce the ​risk of rushed asset sales that ⁠can harm markets.

UK's FCA proposes 90-day notice period on illiquid assets to curb fund suspensions

Britain’s Financial Conduct Authority has proposed a mandatory 90-day notice period for investors withdrawing money from open-ended funds holding inherently illiquid assets, such as property...

FCA consultation on fair redemption terms highlights why fund liquidity matters

FCA Proposes 90-Day Notice for Illiquid Property Funds

The UK Financial Conduct Authority has proposed a minimum 90-day redemption notice for certain authorised funds investing in inherently illiquid assets, including property and infrastructure. The change targets a longstanding contradiction: investors can sometimes request their money daily from funds whose assets may take months to sell.Consultation Paper CP26/35 covers relevant non-UCITS retail schemes rather than all UK funds. The FCA is consu…