UK retail consumers are a step closer to having access to a wider range of alternative products after Funds of Alternative Investment Funds (FAIFs) were placed under the FSA's regulatory remit.
The Government has published a consultation paper confirming the FSA's involvement, and seeking to iron out further issues surrounding FAIFs before it launches a new tax regime for the products in April. Retail investors in the UK are currently able to get exposure to hedge funds and other alternative products in a variety of ways, including structured products. But the FSA has been campaigning to allow the development of retail-oriented FAIFs within its regulatory regime. Today's development will, it says, bring substantial structural and operational safeguards for investors, includi...
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