The FSA has announced further progress on regulations allowing groups to offer open-ended funds of he...
The FSA has announced further progress on regulations allowing groups to offer open-ended funds of hedge funds. It will introduce the Funds of Alternative Investment Funds products into the existing regime for Non-Ucits Retail Schemes (Nurs). To allow funds of alternatives, the FSA will relax the current 20% limit on investment in unregulated collective investment from 20% to 100%. The FSA has had input into the Government’s latest consultation paper, which seeks to develop a suitable tax regime for onshore FAIFs. The FSA is consulting on a few final points and will close the discuss...
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