Out of Control
Prosecution for change in control offences
AIFM & FSA (cont)
FSA regulates majority of European hedge fund industry
Corporate Governance
FSA Emphasis on good corporate governance underlined
AFIBs
Islamic bonds fall under Treasury regulation
Fine start to the year (1)
Failures in systems and controls
Fine start to the year (2)
Mis-marking fund assets
Closed for business
Part IV permission cancelled
Freeze to continue for twelve months
FSA freezes staff salaries
A Fine Record
Penalties equally split between firms and individuals
FSA Fee Changes
Proposals to change FSA fee calculations