UK watchdog proposes tougher rules for property funds
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LONDON (Reuters) - Investment funds in commercial property should suspend trading when valuations become uncertain, Britain's Financial Conduct Authority proposed on Monday in draft rules to apply lessons from a market run after the Brexit vote.The FCA proposed a package of rules and guidance for funds that hold illiquid assets including commercial property that are hard to sell in stressed market conditions when investors often ask for their money back."Open-ended funds that invest in illiquid..