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FSA proposes UCIS ban
The Financial Services Authority (FSA) has published proposals
to ban the promotion of Unregulated Collective Investment Schemes
(UCIS) and similar products to the vast majority of retail
investors in the UK. The proposed rules mean that, in the retail
market, promotions will generally be restricted to sophisticated
investors and high net worth individuals for whom the products are
more likely to be suitable. SL Investment Management have responded
previously to similar consultations published by the FSA in
relation to the secondary life settlement market and opportunities
for non-retail investors and expects to engage with the FSA in
relation to this more recent and wider review.
For further information, please visit the FSA website.