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Spain tightens proposed hedge fund rules
 
  Hedgeweb - THU, FEB 18 2010
Funds & Investment European Union president Spain tightened proposed rules to regulate hedge funds and private equity groups, prompting accusations of protectionism from within the industry.

Spain recommended non-EU funds should only be marketed in a member state if "appropriate cooperation agreements" are in place between regulators of the countries involved.

Britain is likely to oppose Spain's amendment as it wants to continue with existing national approval regimes, seen as a preferable option to tough pan-EU marketing rules.


Spain tightens proposed hedge fund rules

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