ISAs to exclude open-ended Property funds ?

[88V8]

Consequent upon the illiquidity of these funds and long notice periods before holders can withdraw their cash, HMRC is considering an exclusion from ISAs.
Existing ISA holdings would remain eligible, but nothing new.

The FCA is apparently holding a consultation on 90 and 180 day notice periods.

Article here https://www.ii.co.uk/analysis-commentar ... 12020%20(1)&utm_content=newsletter&spMailingID=11021761&spUserID=MTIxNjc2NDMzNDQwS0&spJobID=1630214887&spReportId=MTYzMDIxNDg4NwS2

V8

[Alaric]

The FCA is apparently holding a consultation on 90 and 180 day notice periods.

Also at the link
https://www.ii.co.uk/analysis-commentar ... n-ii514007

Key points seemingly

In August, the Financial Conduct Authority (FCA) proposed measures designed to address the liquidity problems faced by open-ended property funds during challenging markets. These include the possible introduction of a notice period of up to 180 days when investors wish to withdraw from a fund.

However, this raises difficulties for investors using ISAs, as current ISA rules mean investors must be able to access their funds or transfer them to another ISA within 30 days of making an instruction to their account manager. This means open-ended property funds would no longer be eligible investments to hold in ISAs.