The UK’s Financial Services Authority published its feedback to the Discussion Paper on Hedge Funds of June last year, which looked at the impact of hedge funds on the UK's wholesale market. In the Discussion Paper the
FSA identified what it saw as the risks posed to its objectives by hedge funds and outlined the steps it had taken to mitigate them and a number of further ways in which it could address those risks.
In order to increase its understanding of the activities of those asset managers using hedge fund techniques, the FSA proposes to include additional questions to identify the firm's prime broker, third party administrator and the fund auditor in the Integrated Regulatory Returns that firms send to the FSA.
Press release
Newsletter
Discussion paper (of June 2005)
Feedback statement
© FSA - Financial Services Authority
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