The FCA has updated its website with guidance on fund suspensions. This is a result of some asset managers experiencing higher than normal levels of redemption requests from investors in their funds, following the result of the UK referendum on membership of the EU. The guidance reminds fund managers of their obligations to investors and outlines the FCA’s expectations regarding the suspension of dealings in their funds. Fund managers have a duty to act in the best interests of all investors, and therefore, they must consider how to ensure the on-going fair treatment of all investors in their funds in the context of the current market conditions.
View FCA guidance on fund suspensions, 8 July 2016