A draft European Union law that would subject hedge funds to new regulatory controls needs “major surgery” before Britain can support it, Lord Myners, a UK Treasury minister, said on Tuesday. The EU directive would require many hedge funds and private equity firms to register with regulators and disclose more about themselves and their investments.

This entry was posted by Stacy-Marie Ishmael on Wednesday, July 8th, 2009 at 4:55 and is filed under Capital markets, Hedge funds, Private equity. Tagged with eu, hedge funds, Regulation. Edit this entry.