FSA tax break welcomed

TAX CHANGES| FSA RULES RELAX INVESTMENT RESTRICTIONS FOR ONSHORE FUNDS

LONDON -- FSA rules that permit UK onshore quasi-hedge funds to operate on the UK mainland will have little effect on the industry unless complimentary tax changes are introduced. That was the response of many industry figures to the FSA’s relaxation of investment restrictions, which will allow onshore funds to short, use derivatives and leverage up to 100% of their net assets.

"While the FSA is very gung-ho about regulation, the Inland Revenue has not changed its tax rules yet," says Paul Sater

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

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