Talks On EU Hedge Fund Rules To Resume Friday

Oct 12 2010 | 1:37pm ET

Negotiations to hammer out a deal on the European Union's oft-delayed hedge fund regulations will resume on Friday, a top official said.

Despite word of a possible major concession on the part of France, reportedly dropping its outright opposition to granting foreign hedge and private equity funds access to all 27 EU countries, talks ended yesterday without a deal. But negotiators will be back at the end of the week, beginning what EU Financial Services Commissioner Michel Barnier referred to as "a decisive week."

France wants the U.K. to accept greater powers for a new pan-EU financial regulator, including the power to issue the "passport" the Britain and the U.S. have fought so hard for, in exchange for its concession on the issue.

The proposed alternative investments directive would impose strict new reporting and custody requirements on hedge funds and private equity funds. It requires the approval of both EU governments and the European Parliament, which has also pushed for the passport.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...