Property Fund Selling Gets Fsa Nod

The HeraldFebruary 24, 2004

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Summary


THE Financial Services Authority is to take no action over the way property funds have been marketed to investors, despite concerns voiced last year by Sir Howard Davies, the regulator's then chairman.

The FSA decided to review the market for property investment amid fears that a wave of newly-launched funds would prove to be the latest investment fashion and lead to in-appropriate selling.

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Extract


Property Fund Selling Gets Fsa Nod

However, the regulator, now chaired by...

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