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Today I will touch on some of the SFC’s work which may be of interest to the Hedge Fund Standards Board (HFSB) community. But before doing that, I would like to recognise the fact that in its short existence, the HFSB has, in my view, broken new ground in the way in which industry associations can operate as standard setters.
The HFSB is one of the first of a new brand of industry associations which bridges the gap between the old self-regulatory organisation model and conduct regulation by the likes of the SFC. It is significant that the HFSB was the model for the FICC Markets Standards Board set up in the UK last year as a result of the Fair and Effective Markets Review recommendations.
Click here to download the speech.
