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UK - FSA reports positively on private equity industry

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The FSA has today published its report on the private equity industry, an inquiry that was begun in March having been prompted by the rapidly growing size of the industry. Despite the fact that the Justice Department in the US has stated that it will be looking into club deals which may breach competition laws, the FSA's report is thought to be mainly favourable.

Peter Linthwaite, chief executive of the British Venture Capital Association commented: 'We welcome the fact that the FSA has no current concerns in the way our business is conducted. They have identified areas that are, in their view, of potential risk and these will form part of the ongoing discussion we are having with the FSA about this review.'
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