Saturday , August 17 2019

Woodford-linked exchange stood up by UK watchdog


The Guernsey stock exchange says it was stood up by the UK regulator when trying to share information on some of the holdings in Neil Woodford’s flagship fund.
The “Financial Conduct Authority failed to show up,” the exchange said in a statement and published by the UK’s Treasury Committee.
“Eventually, without explanation, an FCA PA called to suggest reorganisation.”
An FCA spokesman said the Guernsey exchange’s account is “a mischaracterisation of what happened, involving a misunderstanding between all parties on conference-call details.”

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