The paper questions the balance of interests between investors who want to withdraw their money and those who want to remain, and addresses the difficulties if investors expect to be able to withdraw their money at short notice.
Last week, Portfolio Adviser editor Gary Shepherd debated exactly what options were open to the FCA.
The consultation on the paper titled ‘Illiquid Assets and Open-Ended Investment Funds: DP17/1’, is open for responses until 8 May 2017.
The FCA will use all feedback to decide whether or not it should propose any changes to handbook rules and guidance.
