UK UCITS funds in line to face new liquidity rules

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By Jasper Cox
30 Sep 2019

The UK’s Financial Conduct Authority is looking at shaking up how UCITS funds manage liquidity, following the high profile pressures at Woodford. Under proposals being explored, bond and equities funds might face stress testing, and the definition of an illiquid asset could change.

On Monday, the regulator changed the rules for non-UCITS retail schemes that are open-ended and investing in inherently illiquid assets like property. It started work on this issue after redemptions from some property funds were suspended when the UK voted to leave the European Union in 2016.

Since ...

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