The Financial Services
Authority threw out its ‘light-touch’ regulatory regime for hedge
funds yesterday, as it bowed to fierce lobbying from shareholders, consumer
groups and investment trusts.
The changes are expected to bolster the current position by including certain
mandatory requirements that are lacking, such as the appointment of a board.
Investment bankers and lawyers expressed concern that the change could see
several hedge funds abandon London in favour of Amsterdam.
Partner at Pinsent Masons says Serious Fraud Office has secured 'one of the top ten enforcement actions of all time'
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance