Compliance Monitor
LTAFs to operate on minimum redemption notice periods of one month
By Neasa MacErlean
A new category of investment will becreated next month when FCA
rulesand guidance take effect for Long-Term Asset Funds (LTAFs). Unlike mostfunds, which allow investors to divest on a daily basis, the LTAFs
will berequired to use minimum notice periods ranging between a month and 90days.