AIFM first reading vote delayed until September

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Rapporteur Jean-Paul Gauzès announced the directive would not be adopted by the parliament in July as originally scheduled. Instead the vote is now due to take place in September.

In a statement Gauzès said: "With regret I must note that the Spanish Presidency of the EU was not able to present a suitable compromise text agreeable to all sides. "I have now met with the Belgian minister of finance and the discussions were fruitful. Work will continue during the Belgian presidency and I am

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