FS Aurigae is famous for a variety of uncommon and puzzling periodic photometric and spectroscopic variabilities which do not fit well into any of the established sub-classes of cataclysmic variables. Here we present preliminary results of long-term monitoring of the system, conducted during the 2010-2011 observational season. We show that the long-term variability of FS Aur and the character of its outburst activity may be caused by variations in the mass transfer rate from the secondary star as the result of eccentricity modulation of a close binary orbit induced by the presence of a third body on a circumbinary orbit.