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European Private Equity and Venture Capital Association: EVCA says ECON vote delay gives more time to improve Alternative Investment Fund Managers directive

( May 10, 2010, 16:30 GMT | Official Statement) -- Extract: The delay will give MEPs time to consider what they really want to achieve from this Directive. Rather than impede innovation and hamper SMEs, MEPs must vote to protect companies and vote to protect investment in European business. A fund management directive drafted to regulate financial trading strategies is no place to address company law. Virtually by definition, such an approach could only result in unequal treatment of stakeholders.Javer Echarri, secretary general of the EVCA, said in response to the ECON committee’s decision to postpone its vote on the Alternative Investment Fund Managers directive:...

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