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Last Tuesday, Luxembourg was the scene of the adoption of new regulations on private equity and hedge funds by the Council of the European Union. A pan-European watchdog shall ensure transparency in the sector. Acting for the 27 EU countries, the new watchdog will issue EU licenses for foreign funds. The new directive will entail that private equity and hedge funds have to present more information about their products and the trading market. The new directive also implies bans on short selling. Regarding the next G20 meeting in November in Seoul, the EU can look forward to the meeting of good cheer. Luxembourg for Finance talked to Didier Prime, Asset Management Leader at PricewaterhouseCoopers Luxembourg.
LFF: Is the new directive for hedge funds an opportunity or a threat...
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