With Miles Bake, Dominic Griffiths
On 23 September, the European Parliament voted in support of two reports calling for legislation to be proposed which would, if made into a directive, radically extend the scope of EU financial regulation to include hedge funds (HF) and private equity houses (PE). The new legislation requested by MEPs would potentially consist of a directive to impose a "common standard of transparency and to tackle the issues" in relation to HF and PE.