The Financial Services Authority has agreed to meet the with a representative body for the UK hedge fund industry this afternoon to discuss concerns about the regulator's latest rules on short selling, which are due to come into force tomorrow.

The Alternative Investment Management Association wrote to the UK market regulator voicing its discontent yesterday, before the Financial Services Authority agreed to meet the association's managers, who will include its deputy-chief executive officer Andrew Baker and possibly also its chief executive officer, Florence Lombard.