EU draft rules for hedge funds attacked

Article suggests that the European Commission’s plans to regulate hedge funds and private equity for the first time threaten to become a central issue in the European Parliamentary election campaign.

Leaders of the Socialist Group, the second-largest bloc in the parliament, said the proposal was so “filled with loopholes” that it would be “highly ineffective” in regulatory terms.

http://www.euractiv.com/en/financial-services/financial-regulation-eu-agenda/article-180851 http://www.euractiv.com/en/financial-services/financial-regulation-eu-agenda/article-180851

ESO: Background information: Private equity funds must be regulated, says EU http://www.europeansources.info/record/private-equity-funds-must-be-regulated-says-eu/

European Commission: DG Internal Market and Services: Investment funds: Alternative investments http://ec.europa.eu/internal_market/investment/alternative_investments_en.htm

Party of European Socialists (PES): Press Release, 20.4.09: Draft directive on alternative investment fund managers http://www.publications.parliament.uk/pa/ld200910/ldselect/ldeucom/48/48i.pdf

EurActiv, 22.4.09: Socialists warn Barroso over hedge fund regulation http://www.euractiv.com/euro-finance/socialists-warn-barroso-hedge-fu-news-221576

EurActiv, 24.4.09: Industry attacks draft EU hedge-fund bill http://www.euractiv.com/euro-finance/industry-attacks-draft-eu-hedge-news-221699

Website: Alternative Investment Management Association (AIMA) http://www.aima.org/

Website: British Private Equity and Venture Capital Association http://www.bvca.co.uk/

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