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An E.U.-wide passport for hedge funds

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    On 5 June 2003 the President of the European Parliament announced that the Committee on Economic and Monetary Affairs had been authorized to draw up an own-initiative report under Rule 163 on the future of hedge funds and derivatives. The committee considered the draft report at its meetings of 10 September, 4 November, 25 November, and 2 December 2003; and on 15 January 2004 the parliament passed the new proposals to introduce an E.U.-wide passport for hedge funds. This paper provides an overview of the discussions that were put forward in order to achieve such an approval.

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    Article provided by Capco Institute in its journal Journal of Financial Transformation.

    Volume (Year): 10 (2004)
    Issue (Month): ()
    Pages: 74-78

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    Handle: RePEc:ris:jofitr:1347
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