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EU hedge fund restrictions could be softened

As the Swedish presidency of the EU comes to a close there are plans to water down the recently announced regulatory restrictions on hedge funds and private venture capital companies in Europe. This is an issue which has hit the UK financial sector very hard and indeed Boris Johnson, the Mayor of London, recently confirmed his concerns regarding additional funding requirements which could see hedge funds and private equity companies up to €3 billion a year worse off.

While there is talk of restricting various areas of the earlier proposals it is the lifting of the investment cap which has caught the attention of most operators in the industry. While hedge funds and private equity companies would still fall under the control of their local regulatory authorities, these local restrictions are unlikely to be anywhere near as harsh as the proposed EU alternatives. This will be a welcome relief to the UK government which is still feeling the backlash of taxpayer concerns about control which was recently passed to the EU and effectively took the UK government out of the loop.

However, as always with the EU the "proof will be in the pudding" and we await official confirmation of the proposed changes.

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