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Hedge Fund, Private Equity Bonus Rules Considered by FSA

Bloomberg – The U.K. Financial Services Authority may set bonus rules specifically for hedge fund and private equity managers as it works to implement European Union regulations.

The FSA may write “a remuneration code to apply specifically to Alternative Investment Fund Managers, but modeled closely on the existing code” that applies to banks and other financial firms, the regulator said in a statement on its website. While the FSA is obliged to comply with EU standards set by the European Securities and Markets Authority, that agency hasn’t yet completed them.

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