Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-13-Speech-4-268-000"
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"en.20120913.29.4-268-000"2
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"This report endorses the Commission’s proposal to provide a European passport for all venture capital funds, whether European or from a third country, once they have registered in one of the Member States. The only limitation to this is that they are prohibited from being established in a country considered a tax haven. Nothing has been said about sanctions against infringements to these funds. However, we can see that these sanctions will only be implemented by the Member State responsible for registering the fund. In that case, would the Member State responsible for this authorisation be best placed to sanction the consequences of its proposals? The entire European Union is therefore at the mercy of the lowest common denominator in terms of financial security. Clearly, this ultraliberal report even allows these venture capital funds to evaluate their assets on the basis of their own criteria, preventing there from being any reliable expertise on the matter. I am voting against this dangerous report."@en1
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