Non-EU hedge funds stage surprise escape from SFTR
European Commission clarifies scope of reporting obligation that confused many in the industry
Hedge funds located outside the European Union will, after all, escape an upcoming set of extensive trade reporting requirements as rule-makers have issued a clarification that upends the industry’s understanding of the rules.
Many in the alternative investment industry were caught off guard by a January 6 report from the European Securities and Markets Authority that accompanied its final guidelines on the Securities Financing Transactions Regulation. They took the report to mean hedge funds
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