The Financial Conduct Authority (FCA) has informed Home REIT that it has begun an investigation into the company.
In a statement, Home REIT said it would fully comply and that the period under investigation ran from 22 Septmeber 2020 to 3 January 2023.
FCA enquiries can take on average 40 months to complete but can take longer such as 64 months.
The FCA says during an investigation it aims to find out whether serious misconduct has occurred and get a full understanding of the facts so it can decide whether to act and, if so, what kind of action may be necessary.
'The opening of an investigation doesn’t mean we believe misconduct has occurred or that anyone involved in the investigation is necessarily guilty of misconduct.'
