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FCA proposes to address illiquid asset redemption issues

New office buildings being built in the City of London, the city's financial district.
Photo: Alena Kravchenko

Thomas Hyrkiel

1 min read

CP26/35 proposes changes that align the illiquid asset redemption rules to international standards to reduce operational pressure on firms.

The FCA is consulting on a change to the rules governing redemption terms. The amended rules would apply to non-UCITS retail scheme (NURS) funds with at least 50% of their holdings in inherently illiquid assets such as, for example, real estate or unlisted transferable securities.

NURS funds would be classified as

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