New Restrictions on UCIS
FSA proposes amendments to COBS 4.12 reducing the categories of investors to whom firms can promote unregulated collective investment schemes
Short Selling Changes
New restrictions on uncovered short sales
Remuneration Code: Changes to Guidance
Revised approach means firms will be divided into 3 proportionality tiers instead of 4
Remuneration Code: Change to Templates
Updated self-assessment templates on FSA website
CASS Update
FSA consulting on changes to firm classification and oversight and mandates
Hedge Funds and Systemic Risk
FSA report assesses the possible sources of systemic risk from hedge funds
Capital Instruments: Pre-Issuance Notification
Reminder for GENPRU firms regarding notification to FSA
Soliciting in the US
Proposed lifting of ban on general solicitation for certain securities offerings