Treasury Committee presses FCA to conclude Woodford investigation

‘As swift as possible’

James Baxter-Derrington
clock • 1 min read

Chair of the Treasury Committee Mel Stride has called on the Financial Conduct Authority to bring its investigation of the collapsed Woodford Equity Income fund to a conclusion.

In a letter from Stride to chief executive of the FCA Nikhil Rathi, the chair said he expects the investigation and any regulator action to be resourced so as to enable "as swift as possible a conclusion" to a story which is approaching its third year. 'An utter disgrace': Industry demands answers two years after Woodford fund collapse Stride noted Rathi's assertion he is "conscious of the public interest in this matter" and "it remains a priority for the FCA", before reminding the chief executive it "remains a matter of keen interest to the Committee". The FCA has previously admit...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

SEC chair Gary Gensler to step down from post in January

SEC chair Gary Gensler to step down from post in January

Once Donald Trump takes office

Valeria Martinez
clock 22 November 2024 • 1 min read
ISA reform 'under review' after absence in Budget and Mansion House

ISA reform 'under review' after absence in Budget and Mansion House

Financial Services Agenda pledge

Cristian Angeloni
clock 20 November 2024 • 3 min read
Fidelity International to adopt FCA 'Sustainability Focus' label for trio of funds

Fidelity International to adopt FCA 'Sustainability Focus' label for trio of funds

Evaluating other SDR labels

Valeria Martinez
clock 18 November 2024 • 1 min read
Trustpilot