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Pin to quick picksAviva Share News (AV.)

Share Price Information for Aviva (AV.)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 490.30
Bid: 490.30
Ask: 490.50
Change: 1.70 (0.35%)
Spread: 0.20 (0.041%)
Open: 489.40
High: 491.30
Low: 487.60
Prev. Close: 488.60
AV. Live PriceLast checked at -

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UK watchdog toughens rules for property funds from Sept. 2020

Mon, 30th Sep 2019 10:14

LONDON, Sept 30 (Reuters) - Britain's markets watchdog
published tougher rules on Monday for funds that invest in hard
to sell assets like property, saying investors must get better
warnings about the risks they face.

The Financial Conduct Authority (FCA) said it will introduce
a new category of funds investing in inherently illiquid assets,
or FIIA, from September 2020.

These funds will be subject to additional requirements,
including standard risk warnings in financial promotions,
enhanced depositary oversight, and a requirement to produce
liquidity risk contingency plans, it said.

(Reporting by Huw Jones, editing by Carolyn Cohn)

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