Forbes – The EU has again postponed a planned vote on a new EU-wide regime for the registration and regulation of hedge funds and their managers. American funds have been awaiting a final decision on these proposals with a mixture of anxiety and dread.
On their surface, the new rules would provide for a single EU passport for hedge funds. So far, so good. However, the process of adopting these controversial proposals has brought to light deep divisions among member states about the role of alternative investment firms in national and European financial services industries.
