The UK Financial Conduct Authority (FCA) has set out clearer expectations for asset managers about long-term investments, such as property.

The new rules mean that investors will have to give 90 days’ notice to access their funds but will be more certain that they will receive their money.

For investors, this means the fund should be clearer from the start about how quickly they can get their money back and whether the fund is right for their needs.

Currently some of these funds allow people to take money out daily with no notice period. During periods of stress or volatility there is a risk that some funds may suspend all payments due to lack of available cash. Some are also holding extra cash, leaving less invested in their intended assets.

Rushed sales can lower prices, harm investors who stay invested and put pressure on markets.

The new notice period would give managers time to sell assets in an orderly way and make liquidity-driven suspensions less likely.

Existing funds would have two years to comply and give investors at least one year’s notice.

The FCA is asking for feedback on the proposals by 11 December 2026.