Bloomberg News

EU May Scrap Planned Rule on Overseas Investments

June 22, 2012

European Union nations may scrap plans to set uniform rules on the right of overseas-based investment companies to offer services inside the 27-nation bloc.

Officials from a number of governments have called for the plan to be abandoned, Denmark, which holds the rotating EU presidency, said in a document posted on the EU website. The measure was unveiled last year by Michel Barnier, the EU’s financial services commissioner, as part of a broader overhaul of the bloc’s market regulation.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus