Regulator softens proposals for open-ended funds reform

摘要

The Financial Conduct Authority (FCA) has watered down proposals to force open-ended property funds to suspend trading when the independent valuer expresses uncertainty about values. The requirement was one of the most controversial elements of a package of reforms for retail funds put forward by the FCA last October, At the time, industry sources warned that funds could end up "in lockdown" much of the time.