FSA makes progress on alternative investment regime

The regulator has also begun a second round of consultation on a number of issues raised by fund managers and other relevant parties. The latest Consultation Paper has confirmed the policy of introducing retail-oriented Funds of Alternative Investment Funds (FAIFs) to the FSA’s regulatory regime. Commenting on the benefits of the proposals, Dan Waters, director of retail policy and themes at the FSA, says: “Permitting consumers access to a wider range of innovative investment strategies through authorised onshore vehicles will allow more choice and a better opportunity for risk diversific...