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FCA approves IPSX Wholesale

FCA approves IPSX Wholesale

IPSX UK Limited, a Recognised Investment Exchange (RIE) operated by IPSX Group Limited which offers the world’s first regulated securities exchange dedicated to commercial real estate, has received approval from the Financial Conduct Authority (FCA) to launch its second market, IPSX Wholesale.

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New FCA regs to restrict individual property investment platform investors to max 10 per cent of investable assets from average 30 per cent currently

New FCA regs to restrict individual property investment platform investors to max 10 per cent of investable assets from average 30 per cent currently

New regulations being introduced by the FCA later this year will restrict individual investors new to the property investment platform sector to investing a maximum of 10 per cent of their investable net assets through these platforms.

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FCA consults on new rules to improve the approach to open-ended funds investing in illiquid assets

FCA consults on new rules to improve the approach to open-ended funds investing in illiquid assets

The Financial Conduct Authority (FCA) is consulting on new rules and guidance to reduce the potential for harm to investors in funds that hold illiquid assets, particularly under stressed market conditions. These measures will also support the FCA’s market integrity objective and help address financial stability concerns.

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Barrister says Unexplained Wealth Orders likely to apply to political rather than criminal elements

Barrister says Unexplained Wealth Orders likely to apply to political rather than criminal elements

Unexplained Wealth Orders came into force on 31 January, designed to enable law enforcement agencies such as the SFO and NCA to apply to Court for an Order necessitating people, including foreign politicians and their family members, to identify any interest in an asset that is worth over GBP50,000, giving information about how it was obtained without having to give recipients notice.