{"id":7927,"date":"2008-06-19T00:00:00","date_gmt":"2008-06-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-lobby-asks-for-more-time-to-accommodate-short-selling-rules","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/hedge-fund-lobby-asks-for-more-time-to-accommodate-short-selling-rules.html","title":{"rendered":"Hedge fund lobby asks for more time to accommodate short-selling rules"},"content":{"rendered":"<p>Times Online- The hedge fund industry&rsquo;s lobby group mounted a last-ditch attempt yesterday to persuade the City regulator to delay its controversial rules on short-selling, which are due to come into force tomorrow.<\/p>\n<p>The Alternative Investment Management Association sent a letter to the Financial Services Authority (FSA) asking for more time for its members to prepare for the changes.<\/p>\n<p>The association&rsquo;s call was backed by Andrew Shrimpton, the former head of hedge fund regulation at the FSA. He said that the regulator should wait &ldquo;until next Wednesday, at the earliest&rdquo; to give the funds sufficient breathing space. &ldquo;The FSA is skating on thin ice, using emergency powers to bring in these requirements, and is vulnerable to a legal challenge,&rdquo; Mr Shrimpton said. &ldquo;It should try to generate some goodwill with the industry by showing it can listen and back down in light of what it hears.&rdquo;<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article4168456.ece\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online- The hedge fund industry&rsquo;s lobby group mounted a last-ditch attempt yesterday to persuade the City regulator to delay its controversial rules on short-selling, which are due to come into force tomorrow. The Alternative Investment Management Association sent a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[457,964,67,456,757,965,756],"class_list":["post-7927","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-alternative-investment-management-association","tag-authorities","tag-chief-executive","tag-collectibles","tag-september-11","tag-steinberg","tag-unprecedented-step"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=7927"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/7927\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=7927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=7927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=7927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}