Council Of The European Union To Negotiate With Parliament On Sraft EU Rules For Hedge Fund Managers

The Council today agreed a mandate for negotiations with the European Parliament on a draft directive aimed at introducing harmonised EU rules for entities engaged in the management of alternative investment funds, such as hedge funds and private equity (doc. 7377/10).

The negotiations with the Parliament will aim to enable the directive to be adopted in first reading. The presidency will negotiate on the basis of a Council general approach agreed today; it took note of remaining concerns expressed by delegations, for instance with respect to third country rules.