Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-22-Speech-1-056"
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"en.20080922.18.1-056"2
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"The financial crisis means that the transparency of funds involved in alternative investments should also be an important issue for the European Parliament. Increasing the transparency of companies with the use of legal instruments, especially as regards the relationship between hedge funds and private equity funds on the one hand and the companies in which these funds hold shares on the other, has become a priority.
The so-called codes of good practice could possibly serve as a model, but they cannot replace legislative measures in instances of bad behaviour. It is essential to create a code of best practice as regards methods for re-establishing balance in the present management structure of companies.
The new legislation should also oblige hedge funds and private equity funds to declare and explain their investment policy and the related risks to both individual and institutional investors, as well as to insurance brokers and supervisory bodies."@en1
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