The Financial Conduct Authority (FCA) is consulting on new rules and guidance to reduce the potential for harm to investors in funds that hold illiquid assets, particularly under stressed market conditions. These measures will also support the FCA’s market integrity objective and help address financial stability concerns.
https://www.fca.org.uk/news/press-re...lliquid-assets
https://www.fca.org.uk/news/press-re...lliquid-assets