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Derivates Specialist Gains FSA Authorisation

Vedanta Hedging Ltd, the specialist derivatives adviser, has gained Authorisation from the FSA. Vedanta will provide advisory services to UK based clients who need expert assistance in managing interest rate and foreign exchange hedging. Vedanta is also working with clients to review if they were mis-sold any interest rate protection by their Banks.

Abhishek Sachdev, an ex-Lloyds Bank Associate Director and Vedanta’s CEO, commented: “We are delighted to have received our FSA Authorisation so promptly. Having an FSA license is a critical part of our strategy and provides our clients with the confidence they need that Vedanta operates to the highest possible ethical standards.”

Vedanta were advised by city consultancy Compliancy Services for the management of their FSA application and on-going FSA Compliance issues.

Compliancy Services Managing Partner Ben Mason said “we are delighted that Vedanta has gained its FSA License so quickly. We wish Vedanta every success in developing their business in this important and specialist sector, and look forward to working closely with them for the provision of Compliance Support services in the future.”