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The Morning Briefing: FCA opens up over Woodford


17
th February 2021
7:44 am
Good morning and welcome to your Morning Briefing for Wednesday 17 February, 2021. To get this in your inbox every morning click here.
FCA Opens Up Over Woodford
After Neil Woodford’s extraordinary comeback interview over the weekend, commentators lined up to express their disbelief. Hang on, wasn’t the FCA still investigating, they asked? How could he be allowed to run money again with that going on?
The answer, of course, was that Woodford’s potential return will be based in Jersey, away from the clutches of the FCA rulebook. Or so he might have thought.
It is very rare for the FCA to make announcements outside of normal trading hours, but last night, at around 9pm, it just did that. It felt compelled to update everyone, it said, after receiving requests for information in the wake of Woodford announcing his new venture. ....

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