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Comment: Esma’s flexibility in alternative-fund rules stops at reporting

By John Rega ( September 5, 2011, 13:52 GMT | Comment) -- European Union securities regulators have promised to be flexible in implementing the Alternative Investment Fund Managers Directive – within limits. In areas such as reporting requirements, there can be neither exemptions nor proportionality, the authorities emphasise as they approach those boundaries.Paris – European Union securities regulators have promised to be flexible in implementing the Alternative Investment Fund Managers Directive – within limits....

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