Bank of England looks at rules after gating or UK property fund and Neil Woodford saga.
Investors could be blocked from pulling out their cash at short notice unless they are willing to take a hit on the value of their investment, the Bank of England has warned.
Proposals put forward by City regulators will put the investment sector back in the spotlight after the gating of one of the UK’s largest property funds this month and the high-profile collapse of Neil Woodford’s investment empire. Source The Guardian
