Rob Grayson Oct 5, 2010:

I'm not arguing... ...that "lock-up period"" isn't use, or even that it may not be the preferred term by regulators. What spurred my response to your comment was your assertion that lock-up period is "the proper term", as though anything else is plain wrong.

wfarkas (X) Oct 5, 2010:

(My) Closing Notes Regulators on both sides of the Atlantic (FSA in the UK and SEC in the USA) appear to have a preference for “LOCK-UP PERIOD”.

UK: http://www.fsa.gov.uk/pubs/discussion/dp06_06.pdf
USA: http://www.sec.gov/spotlight/hedgefunds/hedge-mfa.htm
http://www.sec.gov/divisions/investment/noaction/aba120805-i...

Ditto, for lawyers and accountants.
http://www.orrick.com/fileupload/1470.pdf
http://www.pwc.com/en_GX/gx/banking-capital-markets/pdf/mark...

Incidentally, here is one of your own references (the Financial Times’ FTfm blog entry) , as originally stated by the UK regulator (FSA):
http://www.fsa.gov.uk/pages/Library/Communication/Speeches/2...
"...Subject to de-minimis exemptions of €100 mn (or €500 mn where funds are not levered and have FIVE YEAR INITIAL LOCK-UP PERIODS) the Directive will cover hedge funds, private equity funds, commodity funds and real estate funds to name just a few."

Rob Grayson Oct 4, 2010:

I beg to differ @wfarkas:

Far be it from me to suggest that "lock-up period" is wrong; indeed, it seems to be widely used by credible sources, as is "lock-in period". Contrary to your assertion, this appears to be one of those cases where there is more than one "proper term" (and I wonder whether there is any geographical variation).

http://www.loweswealth.com/glossary.php
http://moneyfacts.co.uk/guides/investments/unit-trusts-oeics...
http://blogs.ft.com/ftfmblog/2009/04/29/fund-managers-get-wh...

wfarkas (X) Oct 3, 2010:

Better late than never The proper term is LOCK-UP PERIOD (rather than "lock-in period).