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


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