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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
NB Global C £ | LSE:NBCS | London | Ordinary Share | GG00BDD27461 | RED C SHS NPV £ |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 103.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNBLS TIDMNBCS TIDMNBLU
RNS Number : 2198W
NB Global Floating Rate Income Fund
23 December 2013
23 December 2013
NB GLOBAL FLOATING RATE INCOME FUND LIMITED
NON-MAINSTREAM POOLED INVESTMENTS
Suitability for Retail Distribution
The Board notes the proposed changes to the Financial Conduct Authority's ("FCA") rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which are expected to come into effect on 1 January 2014.
The Board has been advised that the Company would qualify as an investment trust if it was resident in the UK, and therefore the Board believes that its shares will be excluded from the restrictions contained in the proposed new rules, as currently drafted. It is the Board's intention that the Company will make all reasonable efforts to continue to conduct its affairs in such a manner so that its shares can be recommended to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream pooled investment products.
The Board has however been advised that no guidance on the application of the proposed rules to non-UK companies has been published by the FCA and, further, that the proposed rules may be subject to change. Any subsequent changes to the assessment of the application of the proposed rules to the Company will be communicated via an RIS announcement.
Enquiries:
BNP Paribas Securities Services S.C.A., Guernsey Branch
Sara Bourne
+44 (0)1481 750858
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFEWFSDFDSESE
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