UK’s FCA to allow retail access to illiquid strategies

UK regulatory body the Financial Conduct Authority (FCA) announced today that it will allow sophisticated investors and defined contribution schemes access to illiquid assets.

The move mirrors similar efforts by the U.S. Department of Labor and Securities and Exchange Commission in allowing individual investors access to products traditionally open to large-scaled defined benefit pensions, non-profits and family offices.

The FCA confirmed that it will be accepting proposals to create a new type . . .

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