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Europe Daily Bulletin No. 10096

12 March 2010
Contents Publication in full By article 14 / 39
GENERAL NEWS / (eu) eu/financial services
Final obstacle to alternative funds management deal is measures covering countries outside EU

Strasbourg, 11/03/2010 (Agence Europe) - Negotiations at the EU Council of Ministers on the draft directive on the management of alternative funds are held up by disagreements over the rules applying to funds invested outside the EU by fund managers established in the EU; and how to deal with non-EU fund managers wanting to sell their funds in the EU (see EUROPE 10092). The Tuesday 16 March ECOFIN Council is expected to decide on both issues in a qualified majority vote (qmv). A compromise...

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GENERAL NEWS