EU draft law on hedge funds attracts more criticism

Hedge Funds Review – The European parliament’s committee on economic and monetary affairs held a hearing and a workshop examining the directive on Tuesday (November 10).

Meanwhile, the UK’s House of Lords EU economic and financial affairs and international trade sub-committee heard evidence from the UK Treasury’s financial services secretary Lord Myners detailing the British government’s stance on the proposals.

The European parliament hearing came after the publication of a critique of the European commission’s impact assessment for the directive. Commissioned by the economic and monetary affairs committee, the report was heavily critical of the commission’s rationale for the regulation.

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