FCA consults on a new category of UK authorised open-ended fund to invest in illiquid assets: the Long Term Asset Fund (LTAF)
By EsqSocial Corporation 11/05/21
The FCA has launched its consultation (the Consultation), open for feedback until 25 June 2021, on a new category of authorised fund vehicle designed to accommodate investment in illiquid assets, the Long Term Asset Fund (LTAF). The LTAF rules embed longer redemption periods, greater disclosure requirements......
By: Bryan Cave Leighton Paisner