EurActiv – The hedge funds row might soon be over, say EU sources, who claim regulation is in sight. Reportedly, funds will likely be able to choose between getting an EU passport to gain access to national markets or getting the private and less stringent licences that they are used to.
A stalemate between the European Parliament and member states on the draft regulation is coming to an end as both sides warm up to the idea of letting hedge funds decide whether they want to get an EU passport to operate throughout the EU 27 or apply to countries’ regulators privately, according to EU sources.
