FSA rethinks rules on hedge fund marketing

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The UK Financial Services Authority's (FSA) concern that UK retail investors can gain access to German hedge funds via the internet is prompting the FSA to re-evaluate its current prohibition on the marketing of hedge funds to individual investors.

Addressing a Select Committee enquiry into financial services regulation last month, FSA chief executive John Tiner said the European Union e-commerce directive, (which is based on the idea that online business can be provided anywhere in the EU so

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