Woodford fund managers used 'flawed' EU rules, Britain's FCA chief says

LONDON (Reuters) - Managers at Neil Woodford's suspended flagship fund were using "flawed" European Union rules to the full, Financial Conduct Authority Chief Executive Andrew Bailey said on Tuesday as he faced questions over the British regulator's role."They were using the rules to the full and they were not telling us they were doing that," Bailey told parliament's Treasury Select Committee.Retail investors were left unable to get their cash out of the fund run by Woodford, one of Britain's..