AIC calls on FSA to support UK-listed private equity firms

Private equity firms listed in the UK pose little threat to the FSA's statutory duties and should be...

Private equity firms listed in the UK pose little threat to the FSA's statutory duties and should be supported by the regulator, the AIC said last week. The association said the FSA should support the expansion of the listed private equity investment company sector. That said, it warned listed firms must have an independent board to ensure shareholder interests are upheld. The AIC's backing of private equity firms is in response to an FSA report and comes days after the Treasury announced it is to review the tax relief arrangements of private equity firms. Union leaders have welcomed the...