Flaws in hedge fund rules detailed

Proposed pan-European regulation of hedge funds and private equity is being introduced on the back of a 'vague, sweeping and inadequate' analysis of the problem, according to a report prepared by external consultants for the Economics and Monetary Affairs Committee in the European Parliament, November 2009.

This Quick Impact Assessment by Europe Economics considers the adequacy of the European Commission’s Impact Assessment concerning the so-called “AIFM Directive”. It considers impacts, objectives and alternative approaches, particularly in respect of marketing and distribution; third country issues; depositaries; and leverage, having first considered the rationale for intervention across these four areas.

ESO: Background information: ECB warns Brussels on hedge fund rules http://www.europeansources.info/record/ecb-warns-brussels-on-hedge-fund-rules/

European Parliament: DG Internal Policies: Quick Impact Assessment on a Directive concerning Alternative Investment Fund Managers and Amending Directives 2004/39/EC and 2009/…/EC http://www.europarl.europa.eu/activities/committees/studies/download.do?language=en&file=27611

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