Newsletter February 2010: 2,000 amendments tabled to Europe's hedge fund law

BRUSSELS – A bizarre indicator of the tangled and contentious wrangling over the EU’s Alternative Investment Fund Management (AIFM) Directive is the unprecedented 2,000 amendments tabled by lawmakers to a draft report that will provide the basis of the European Parliament’s own version of the legislation. The flood of amendments has swamped Jean-Paul Gauzés, the French Christian Democrat member of the European Parliament (MEP), who drafted the report now scheduled to be initially debated during the last week of February by the powerful Economic and Monetary Affairs Committee (ECON), with a vote expected on April 12.