190 Deputy Joan Burton asked the Minister for Finance his position on the alternative investment fund managers’ directive ahead of the discussion by ECOFIN on 16 March 2010; his views on whether hedge and private equity funds themselves must be regulated, not just the fund managers; his further views on whether the lower thresholds for application of the directive should be aligned with the new regime being proposed for the US or if the de minimis exemptions should be removed and that the marketing in the EU of alternative investment funds established in third countries, and covered by the directive, should require an effective, binding co-operation agreement, including exchange of information and tax cooperation, signed by the European Commission on behalf of all member states; if he is supportive of the limitation of the leverage ratio of hedge and private equity funds and if the European Commission, or another body, should be the responsible authority for setting these limits; if he is further supportive of the strengthening of disclosure, reporting and transparency requirements for hedge and private equity funds; his further views on whether improper conduct, such as naked short selling, stealth acquisitions or empty voting, should be outlawed or otherwise constrained by the directive; and if he will make a statement on the matter. [12315/10]

Summary

190 Deputy Joan Burton asked the Minister for Finance his position on the alternative investment fund managers’ directive ahead of the discussion by ECOFIN on 16 March 2010; his views on whether hedge and private equity funds themselves must be regulated, not just the fund managers; his further views on whether the lower thresholds for application of the directive should be aligned with the new regime being proposed for the US or if the de minimis exemptions should be removed and that the marketing in the EU of alternative investment funds established in third countries, and covered by the directive, should require an effective, binding co-operation agreement, including exchange of information and tax cooperation, signed by the European Commission on behalf of all member states; if he is supportive of the limitation of the leverage ratio of hedge and private equity funds and if the European Commission, or another body, should be the responsible authority for setting these limits; if he is further supportive of the strengthening of disclosure, reporting and transparency requirements for hedge and private equity funds; his further views on whether improper conduct, such as naked short selling, stealth acquisitions or empty voting, should be outlawed or otherwise constrained by the directive; and if he will make a statement on the matter. [12315/10]

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