FCA closes investigation into Home REIT, which is winding up
What happened
The Financial Conduct Authority formally closed its investigation into social housing investor Home REIT and plans to take no further action against the firm. The investigation began in February 2024 after a short-selling report in November 2022 revealed concerns about the company’s rental structure and portfolio value. Home REIT is currently undergoing a managed wind-down and continues to face legal proceedings from over 800 shareholders seeking compensation for alleged losses.
From propertyweek.com
Why it matters
The closure of the investigation by the Financial Conduct Authority provides a formal conclusion regarding regulatory concerns surrounding the investment company. However, the firm remains subject to legal challenges from its shareholders regarding alleged misleading statements about its business model and property portfolio.
From propertyweek.com
Who's involved
- Financial Conduct AuthorityThe quasi-governmental agency that concluded the investigation into Home REIT
- London Stock ExchangeThe stock exchange where Home REIT was listed
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The entities involved
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Financial Conduct Authority
quasi-governmental agency in the United Kingdom
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London Stock Exchange
stock exchange in the City of London
Related events
- Living REIT plc was listed on the Main Market of the London Stock Exchange.
- Colefax Group plc uses the London Stock Exchange for regulatory announcements, operating under UK jurisdiction regulated by the FCA.
- CT Progressive Income PLC complied with FCA disclosure rules and purchased shares on the London Stock Exchange.