UK's FSA announces proposals for wider retail access to alternatives

"Retail investors here are already able to get exposure to hedge funds and other alternative products in a variety of ways, including structured products," the FSA said in a stement. "The FSA now believes the time is right to allow the development of retail-oriented Funds of Alternative Investment Funds (FAIFs) within its regulatory regime. This would bring substantial structural and operational safeguards including the requirement to have an independent depositary, strict rules on independent

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