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30 August 2012

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.