Woodford Fund Comeback Faces FCA Management Scrutiny

Law360, London (February 17, 2021, 11:58 AM GMT) -- Britain's financial watchdog has said it will scrutinize Neil Woodford's comeback plan to ensure that his management and business model are robust, after the collapse of his £3.7 billion ($5.1 billion) flagship Equity Income Fund.

The Financial Conduct Authority and the Jersey regulator have agreed to trade information on applications for authorization by the financier. (iStock) Mark Steward, director of enforcement at the Financial Conduct Authority, said late on Tuesday that the City watchdog has held talks with the Jersey Financial Services Commission after reports that Woodford is planning to operate a new fund management company, WCM Partners Ltd., from the...

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