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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Barclays said to be probed in U.K. on fees to Qatar fund

Posted on 30 July 2012

Barclays Plc is being investigated over whether it adequately disclosed fees it agreed to pay to the Qatar Investment Authority as it sought to raise money from investors including the sovereign wealth fund, according to a person with knowledge of the situation.
“The bank entered into an agreement for the provision of advisory services by Qatar Investment Authority to Barclays in the Middle East,” the lender said in a June 2008 statement detailing the fundraising. Britain’s Financial Services Authority is probing whether that disclosure was adequate, said the person, who declined to be identified because the terms of the investigation are private………………………………………..Full Article: Source


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