Feedback on FAIFs published

The Financial Services Authority has published its feedback paper on funds of alternative investment funds (FAIFs). Consultation Paper (CP) 08/4, which was originally scheduled for publication at the end of last year, confirms that respondents agreed with most of the proposals set out in CP 07/6. These will allow the introduction of FAIFs into the existing non-Ucits retail scheme regime. However, a further consultation period will take place, ending on May 22.