iShares: FSA eyes regulation for risky ETPs

The regulator expressed concerns over the soaring popularity of ETPs among retail investors and the increasing complexity of certain products in its Retail Conduct Risk Outlook report published in February. iShares' head of European marketing Bower says: "I think the case the FSA is pushing here is based around ETCs and ETNs, looking at an argument to regulate the structures and exposures being delivered within them." The paper cites ETNs, ETCs, leveraged, inverse and active ETFs as among those "complex ETFs" that might threaten unsophisticated investors. Bower says: "What they ar...