PEN – Controversial EU directive has 1,669 amendments

“One of the largest numbers of amendments in EU drafting history has  been made to the controversial directive for the European alternatives industry.

 The Committee on Economic and Monetary affairs, a European body, has made 1,669  amendments to a draft text on controversial rules for hedge funds and private  equity being put together by the European Union, three people who had seen the  latest draft said”, writes Toby Lewis, Private Equity News.

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