FSA proposes new era of ˜lighter' regulation

Professional Adviser
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industry news: regulation in Europe is evolving into a more flexible model to keep up with overseas centres

Asset management firms are expected to launch a raft of UK-authorised, quasi-hedge funds appealing to pension funds and institutional investors if proposals by Britain's market regulator allowing regulated funds using leverage and derivatives goes ahead. Timothy Spangler, partner in the investment funds group at London lawyer Berwin Leighton Paisner, said long- only asset management firms could also offer UK-regulated funds using derivatives based on financials and commodities, and up to 100% leverage, to retain clients seeking managers with absolute return products. Staff members doing...

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