06 Sep 2019

We would like to inform AREF members that the FCA today announced on their Policy development update webpage that they intend to publish by the end of Q3 2019 the Policy Statement, that follows on from CP 18/27, on Illiquid assets and open-ended funds. 

AREF responded to the consultation and have met with the FCA to discuss this response in more depth. AREF will continue to engage with the FCA and Bank of England, alongside the The IA, on fund liquidity management and financial stability. We will send a further notification to members when the Policy Statement is actually published and will liaise with members on the implementation of any new rules and guidance in the Policy Statement.

Further information can be found here.


Jacqui Bungay

Jacqui Bungay

AREF Secretariat, AREF

Jacqui provides policy guidance and secretariat services to the AREF Board and AREF Management Committee as well as the following AREF Committees: Corporate Governance, ESG & Impact Investing, Investor, Public Affairs, Research and Information and Retails Funds. In addition, Jacqui monitors members’ compliance with AREF’s Code of Practice. 

Jacqui joined AREF in 2014 after working for over 25 years in fund compliance, client relationships and administration at Natwest Trustee & Depositary Services.