FCA looks to check power of investment trust boards after Saba uproar

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FCA looks to check power of investment trust boards after Saba uproar

The City watchdog is looking to restrict the power of some investment trust board members after criticism of its response to Saba Capital’s campaign against a group of UK funds. The Financial Conduct Authority has proposed a series of amendments to the UK listing rules for close-ended investment funds, better known as investment trusts, in [...]