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Europe Daily Bulletin No. 8626

20 January 2004
Contents Publication in full By article 28 / 46
GENERAL NEWS / (eu) ep/internal market
Parliament calls for greater transparency for "hedge funds"

Strasbourg, 19/01/2004 (Agence Europe) - With the adoption on Thursday in Strasbourg of the report by British Conservative John Purvis, the European Parliament calls on the Commission to propose a Community regulation aimed at guaranteeing transparency of "sophisticated alternative investment vehicles" (SAIV). Generally offshore, these alternative funds are often located in tax or regulatory havens. The Parliament also recommends the setting in place of a light regulatory regime to encourage...

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