Extra regulation for private equity firms - FSA

The regulator says companies will now have to include information about committed capital on top of its current requirement to declare all drawn down capital. The FSA also says it will conduct a bi-annual survey of banks’ exposures to leveraged buyouts. The changes have been made as a result of feedback to its Discussion Paper 06/6 Private Equity: A discussion of risk and regulatory engagement, which was published in November last year. It examined the impact growth and development in the private equity market has on the FSA's regulation of the UK's wholesale markets, identifying the ...