{"id":10486,"date":"2009-04-30T00:00:00","date_gmt":"2009-04-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"city-hits-out-at-eu-hedge-fund-proposal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/city-hits-out-at-eu-hedge-fund-proposal.html","title":{"rendered":"City hits out at EU hedge fund proposal"},"content":{"rendered":"<p> Times Online &#8211; The role of the City of London as one of the world&rsquo;s preeminent financial  centres came under attack for the second time in two weeks yesterday, this  time from proposed EU rules for private equity and hedge funds. <\/p>\n<p> The EU wants private equity firms with more than &euro;500 million under management  and hedge funds with more than &euro;100 million of funds to file detailed  financial information with the Financial Services Authority. Private equity  firms will also need to file figures relating to debt, risk and cash. <\/p>\n<p> If the European Parliament approves the proposed legislation, about 1,000  British companies &ndash; owned by private equity firms either headquartered or  with an office in the EU and with more than &euro;500 million under management &ndash;  would be saddled with annual compliance costs estimated at about &pound;30,000. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/business.timesonline.co.uk\/tol\/business\/industry_sectors\/banking_and_finance\/article6195177.ece\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Times Online &#8211; The role of the City of London as one of the world&rsquo;s preeminent financial centres came under attack for the second time in two weeks yesterday, this time from proposed EU rules for private equity and hedge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[310,2925,11081,11080,11082,10226,5242,1331,11084,11083,5398,335,3393],"class_list":["post-10486","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-100-million","tag-city-of-london","tag-compliance-costs","tag-debt-risk","tag-european-parliament","tag-financial-centres","tag-financial-information","tag-financial-services-authority","tag-parliament","tag-preeminent","tag-private-equity-firms","tag-proposed-legislation","tag-second-time"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10486"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10486\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}