FCA CP26/35: 90-Day Notice Periods for Illiquid NURS Funds
FCA CP26/35, Fair redemption terms for authorised funds investing in illiquid assets, opened on 8 October 2026 and takes comments until 11 December 2026. It would require non-UCITS retail schemes (NURS) with at least 50% of scheme property in inherently illiquid assets to redeem no more than once a month and to apply a redemption…