Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-01-15-Speech-4-087"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-01-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20040115.3.4-087"2
lpv:hasSubsequent	lp_eu:2004-01-15-Speech-4-0882
lpv:speaker	lp:José Ribeiro E Castro2
lpv:spokenAs	member; Committee on Citizens' Freedoms and Rights, Justice and Home Affairs (2002-01-17--2004-07-19)3 member; UEN (1999-11-17--2004-07-19)3 substitute; AFCO (2002-01-17--2004-07-19)3 member; Members from the European Parliament to the Joint Parliamentary Assembly of the Agreement between the African, Caribbean and Pacific States and the European Union (ACP-EU) (2002-02-06--2004-07-19)3 unknown; Partido Popular (1999-11-17--2004-07-19)3
lpv:translated text	". I can understand the rapporteur’s position on the advantage of there being, albeit in a rather limited form, a regulated regime in the field of ‘hedge funds’ – an expression that covers a broad range of financial products that could be called sophisticated alternative investment vehicles’ (SAIVs). The funds to be regulated by this system would be thus defined, since they would be obliged to comply with these particular provisions. In fact, the market for these funds is currently fragmented due to varying regulatory regimes, the lack of consistent platforms and discriminatory tax regimes. As the rapporteur states, tax regimes and the lack of a single regulatory market act as a deterrent, with many Member States imposing tax penalties on investors who invest in a foreign domiciled hedge fund. It must be said that institutional and private investors are showing increasing interest, but lack suitable vehicles in EU jurisdictions. Various Member States are now also aiming to apply far-reaching legislative changes to hedge funds. I voted in favour because I believe that hedge funds and derivatives contribute to the efficiency and self-balancing of financial markets and it might be useful to establish a light-touch regulatory regime in a free-flowing global market with basic rules ... ( )"@en1
lpv:unclassifiedMetadata	"Explanation of vote abbreviated in accordance with Rule 137(1) of the Rules of Procedure"1

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