Hedge funds: recent regulatory developments and proposals

Martin Day Financial Services Team, Farrer & Co

On 23 March 2006, the FSA published its feedback statement (FS 06/03) on how it proposes to proceed with the issues raised in its June 2005 Discussion Paper (DP 05/03) on the possibility of allowing retail investors access to so called ‘wider range products’, that is investment products, including hedge funds, that exhibit a high degree of volatility, illiquidity or complexity.