What is the overall perspective of the Commission on the report of the hedge fund expert group?
The Commission will not react immediately to the recommendations in the report. We will test the conclusions of the Expert Group with interested stakeholders. The Open Hearing on 19th July in Brussels is a key opportunity to discuss and debate the findings of the report. We will also compare the views expressed during the Open Consultation on the Green Paper (see IP/06/152). The Commission will form its view of the nature of the obstacles facing this business, and the issues (if any) that this industry raises for regulators during the summer, prior to publication of a White Paper on Investment Funds. However the Commission acknowledges that this is an important and topical debate. Hedge funds are now an established feature of the European market.
