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To ask Her Majesty's Government (1) whether they, or the Financial Conduct Authority, are monitoring the use by fund managers of forward equity subscription commitments to leverage the gearing of open-end fund portfolios, and what assessment they have made as to whether such fund managers are correctly reporting the existence of such commitments to potential and actual investors in relevant funds; and (2) whether they have reviewed the arrangements made and signed by Woodford Investments as a principal or agent for funds.
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