Suitability for Retail Distribution

RNS Number : 3325W
British Assets Trust PLC
24 December 2013
 



British Assets Trust plc
(the "Company")

 

 

 

Suitability for Retail Distribution


The Board notes the proposed changes to the Financial Conduct Authority's ("FCA") rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which will come into effect on 1 January 2014. 

 

The Company is an investment trust and therefore its Ordinary Shares are not subject to these restrictions. The Company conducts its affairs so that its Ordinary Shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream investment products and intends to continue to do so.

 

 

 

 

 

Name of contact and telephone number for enquiries:

 

G R Hay Smith

F&C Investment Business Limited

Telephone: 0207 628 8000

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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