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Crystal Amber Fund unaffected by new FCA rules

By BFN News | 08:00 AM | Tuesday 07 January, 2014


Crystal Amber Fund believes it will not be affected by the Financial Conduct Authority's new rules on the marketing of non-mainstream pooled investment products. Crystal Amber Fund said that after taking legal advice, its directors believe the company's shares are excluded from the FCA's restrictions because the returns to investors are, and are expected to continue to be, predominantly based on the returns from shares. Accordingly the board believes that the company's shares can be recommended by independent financial advisers to retail investors. At 8:00am: (LON:CRS) Crystal Amber Fund Limited share price was 0p at 153.5p Story provided by StockMarketWire.com

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