tag:blogger.com,1999:blog-1567042805993048802.post8670752493236642330..comments2023-11-08T06:40:36.804+00:00Comments on investdrinks (blog): FSA proposals on wine investments etc. miss real targetJim's Loirehttp://www.blogger.com/profile/06696024920441263899noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1567042805993048802.post-55607981957059238042012-09-07T18:28:18.537+01:002012-09-07T18:28:18.537+01:00Unfortunately it is impossible to know what the pr...Unfortunately it is impossible to know what the proposals are. Peter Shakeshaft said he would send me a copy of the proposals in late February/early March 2012. To date I have received nothing. <br /><br />I have already posted that any wine investment regulation has to be independent of any companies involved both in drawing it up and in its management. Given the history of Wills & Co I have strong doubts that it will be seen as credible and equally doubt that it will enjoy the confidence of either many in the fine wine trade or amongst potential investors. Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-12632245816959555752012-09-07T18:18:02.147+01:002012-09-07T18:18:02.147+01:00Anon. A very interesting point and if this is how ...Anon. A very interesting point and if this is how the FSA will interpret their remit and a UCIS this would certainly be a very good start. Will speak to FSA early next week. Jim's Loirehttps://www.blogger.com/profile/06696024920441263899noreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-77570005825509482282012-09-07T10:21:59.224+01:002012-09-07T10:21:59.224+01:00Yes Jim, to a point I agree with you.What worries ...Yes Jim, to a point I agree with you.What worries me is this ridiculous self regulation idea that Peter Shakeshaft at Vin-x and others are shouting about. This "organisation" is an irrelevence, which seems to have been set up purely to publicise the companies involved without providing the investor with any safeguards. These companies will all still be cold calling, they will all be hassling people,they will still be doing the same old thing - the only difference is that they will all have a bogus accreditation which means nothing but which will probably fool the investor into thinking they're dealing with proper people. When the founder's - Peter Shakeshaft - dubious past is taken into account, how on earth can this man speak about any form of regulation let alone self regulation? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1567042805993048802.post-46252271482842601142012-09-07T10:12:56.206+01:002012-09-07T10:12:56.206+01:00Dear Jim
UCIS as stated stands for unregulated co...Dear Jim<br /><br />UCIS as stated stands for unregulated collective investment schemes as pr determined by the FSNA 2000. This is where the investor does not have day to day control over the investment<br /><br />This does mean that those wine companies that hold client wines under an umbrella account running sub accounts will not be able to do so as it will be deemed a pooled investment<br /><br />This adds a minor level where companies have to deliver the wine to the clients own account and will stop the forex like trading of wines <br /><br />Its a start!!!!!Anonymousnoreply@blogger.com