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AIMA calls on FSA to justify its short selling rules

The Alternative Investment Management Association is calling on the FSA to release the findings of any investigations that led to the implementation of its new disclosure rules on short selling.

AIMA says it also wants clarification on issues that it believes are outstanding in the definitions, scope and implementation of the regime.

AIMA has queried the FSA on technical issues and is questioning its justification for the use of special powers under the Financial Services and Markets Act 2000 to take this measure without consultation.

AIMA unsuccessfully sought a delay to the implementation of the regime earlier this week.

A spokesman says: “The FSA has not delayed implementation of the regime, thus AIMA is now in consultation with our membership as to the options available to them to best address the FSA’s regulatory framework for short-selling.”


FSCS redress for credit unions

The Financial Services Compensation Scheme has started paying compensation to members of Inner Preston Credit Union and Peterlee Credit Union after they were declared in default.

Class struggle

The Competition Commission’s finding that people buying payment protection insurance are being overcharged by 1.4bn a year follows action by the FSA against firms accused of misselling PPI.

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]


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