The Financial Conduct Authority (FCA) is more actively monitoring daily liquidity updates from property funds after further outflows from the sector prompted by Brexit uncertainty. Morningstar data shows retail investors withdrew £315m from property funds in December, a comparable volume to outflows seen in each of the two months following the 2016 Brexit referendum when funds were...
Retail investors withdrew £ 315 m ( $ 406 m ) from property funds in December amid Brexit uncertainty , leading the Financial Conduct Authority ( FCA ) to monitor property funds liquidity updates on a daily basis . The FCA is considering plans to compel property funds to stop trading if uncertainty about the value of their portfolios reaches 20 % . The regulator took up scrutiny of the sector after the prime minister , Theresa May , postponed the parliamentary vote on her proposed withdrawal . in December , FT sources said .