Woodford fund managers exploited flawed EU rules - FCA head
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LONDON (Reuters) - Neil Woodford's flagship fund took full advantage of flawed European Union rules before withdrawals had to be halted, Financial Conduct Authority Chief Executive Andrew Bailey said on Tuesday as he faced questions over the British regulator's role.The high profile suspension of the LF Woodford Equity Income Fund has raised questions about the FCA's competence at a sensitive time for Bailey, who is viewed as a leading candidate to replace Mark Carney as Bank of England governor..