FSA Opens Consultation On EU Bonus Curbs

Mar 20 2013 | 12:20pm ET

British regulators yesterday began the process of imposing the European Union's new hedge-fund bonus rules in the U.K.

The Financial Services Authority launched a consultation period on the Alternative Investment Fund Managers Directive's rules for bonuses. The EU law requires hedge funds to defer a significant portion of a managers' bonus over several years, and to pay at least half of bonuses in equity-linked instruments related to a manager's fund.

Britain has until July to add the EU rules to its own. The consultation closes on May 10.

The FSA will not see the conclusion of the matter: The regulator will be broken up at the end of the month, with its powers split between the Bank of England and the new Financial Conduct Authority.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...