Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-161"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-11-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Alternative investment fund managers (debate)2
dcterms:Language	"cs"^^xsd:language2
lpv:document identification number	"en.20101110.16.3-161"2
lpv:hasSubsequent	lp_eu:2010-11-10-Speech-3-9932
lpv:speaker	lp:Jiří Havel2
lpv:spokenAs	vice-chair; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-09-29--2012-07-08)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2012-07-08)3 substitute; ITRE (2009-07-16--2012-01-18)3 member; BUDG (2009-07-16--2012-01-18)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3 member; S&D (2009-07-14--2012-07-08)3 unknown; Česká strana sociálně demokratická (2009-07-14--2012-07-08)3
lpv:translated text	"Alternative funds, such as hedge funds or private equity funds, probably contributed through their actions to the ongoing global crisis, and the question of their regulation is currently being discussed not only in the EU, but also in the US. The present report relates to the Rasmussen and Lehne reports, both from 2008, and deals with the proposal for a directive on alternative investment fund managers. The report gives a summary analysis of the problem of alternative funds, including a description of the key points: regulating the activity of alternative fund managers, including the creation of a single European passport; the obligation of alternative fund managers to appoint an independent asset valuator for each alternative fund they manage; a requirement to enhance the transparency of alternative funds and market disciplines and the regulation of short selling. The directive also enables the Member States to allow managers to offer alternative funds to non-professional investors as well. On the other hand, there are objections to the proposed regulation, such as the Larosière report, the Turner Review and the reaction of the Alternative Investment Management Association. The adoption of this directive should not entail significant changes for alternative funds in the Czech Republic because of the high level of current Czech regulations in this area. Overall, I think that the report submitted by my fellow Member, Mr Gauzès, contains an accurate analysis of this issue, as well as relevant recommendations regarding alternative funds, and I therefore recommend approving it in its proposed form."@en1

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