Woodford inquiry won't report this year says FCA
“I appreciate it may be frustrating that I am unable to provide further details regarding the investigation".
Neil Woodford
The official Inquiry into the collapse of Woodford Equity Income Fund will not report this year, the FCA chief executive has said.
In a letter to the head of the Treasury Committee, Nikhil Rathi, the FCA’s chief executive, said that the investigation had made ‘substantial progress’ and that he was ‘confident the investigation work will be completed by the end of this year’.
However, Rathi added while current lines of enquiries were nearly complete, further steps will be needed with the possibility of re-interviewing witnesses that might give rise to additional lines of enquiry.