Hi All, Being doingsome research of late regarding M& G holding...

Hi All,

Being doingsome research of late regarding M& G holding and what I understand to be a10% rule that I believe applies to UK funds – which are regulated by FCA (Financial Conduct Authority)

During my searchI came across the following reference from FCA (UK regulator)

FCA –Financial Conduct Authority:

https://www.handbook.fca.org.uk/handbook/COLL/5/6.html

My personal views only:

I do not haveany fund management background and so having read the above - these are my personal views only and based on my understanding.

· Inthe UK one of the regulators of fund managers are the FCA

· Itappears there is a UK FCA regulation that states no single holding can be morethan 10% of the value of the fund. My understanding is, the regulator, the FCA, imposescertain restrictions on investment vehicles and in order to ensure that fundshave appropriate diversification and do not become too concentrated, they put alimit of 10% allowed in any singleinvestment. This is among several rules that will be monitored on a daily basisby the fund management companies and if the funds breach any of the rules theyare brought in line.

· Continuedbreaches do not go down well with the FCA.

In Ecool2’sabsence ( I’m sure he would have answered this question very quickly) , It wouldbe appreciated if any holders (with more experience and understanding of UK fundsmanagement) can check my understanding thatin the UK “no single holding can exceed 10% ofthe value of the fund”.

All the best.

Please DYOR as always.

GLTAH