The FSA is to issue a discussion paper on how hedge fund vehicles should be marketed to UK reta...
The FSA is to issue a discussion paper on how hedge fund vehicles should be marketed to UK retail investors.
The regulator is considering regulating the UK hedge fund industry and its discussion paper, due for July or August, will invite industry comments.
Hedge funds are not currently regulated by the FSA as they fail to meet its criteria. Most hedge funds do not want to meet these standards in the belief they restrict investment freedom.
An FSA spokesman said that in practice, it will be difficult to regulate offshore hedge funds but products that satisfy predetermined criteria could be allowed to market direct to retail investors. Moves to change any rules will require a supplementary consultation paper.
The FSA put health warnings on hedge funds last year as asset managers began more actively marketing them to retail clients.
To 'future-proof advice firms'
Latest news and analysis
Three years at Wells Fargo
Effective from 9 December 2019
One firm with permission suspensions left