EU agrees tougher rules for hedge funds

Europe is set for a tough new regulatory regime for hedge funds and private equity companies after European Union ministers reached a long-awaited agreement on rules to cover the sector at the Ecofin Council, Luxembourg, 19 October 2010.

The Council reached agreement on the draft directive on the management of hedge funds and other alternative investment funds, with a view to concluding negotiations with the European Parliament very soon so as to enable the text to be adopted at first reading in the EP.

Deutsche Welle, 19.10.10: EU finance ministers rein in hedge funds http://www.dw-world.de/dw/article/0,,6127705,00.html

EurActiv, 20.10.10: Ministers resolve row on hedge fund regulation http://www.euractiv.com/en/euro-finance/ministers-resolve-row-hedge-fund-regulation-news-498949

Council of the European Union: Press Release: PRES/10/280: Hedge funds: Council sets out its position with a view to concluding negotiations with the Parliament http://www.consilium.europa.eu/uedocs/cms_Data/docs/pressdata/en/ecofin/117197.pdf

EUobserver, 20.10.10: EU reaches deal in long-running hedge fund battle http://euobserver.com/9/31081

ESO: Background information: Hedge funds await EU talks on new regulations http://www.europeansources.info/record/hedge-funds-await-eu-talks-on-new-regulations/

Council of the European Union: Press Release: PRES/10/278: EcoFin Council, Luxembourg, 18-19 October 2010 http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/117209.pdf

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