Jersey property unit trusts (JPUTs) have been and continue to be a very popular vehicle through which to hold UK commercial real estate.
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.
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.
The FCA has taken the extraordinary step of scrutinising open-ended physical property funds on a daily basis, as the sector continues to suffer sharp withdrawals. A long-term critic of the open-ended property fund structure, Marc Haynes – Head of Institutional Business, EMEA, Cohen & Steers – reacts to the latest development…
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.
Lendy, the property platform, has received full authorisation from the UK regulator, the Financial Conduct Authority (FCA). Lendy’s secured lending model was authorised by the FCA following a detailed end-to-end assessment of its business and operating model.
Nearly two thirds (61 per cent) of real estate investors are concerned about the impact of the new regime on taxing gains made by non-resident investors on UK real estate, according to a new report commissioned by Intertrust, a provider of high-value trust, corporate and fund services.
Andrew Strange, PwC director, comments on this morning's FCA Asset Management Market Study policy statement and consultation…
There has been a 65 per cent jump in the number of firms referred to the Regulatory Decisions Committee, suggesting an acceleration in FCA investigations, according to Cleveland & Co, the boutique legal advisory business.
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.