The German government last week moved to restrict the activities of hedge funds in the country, following The Children's Investment Fund Management's interference in Deutsche Boerse's planned takeover of the London Stock Exchange in early 2005.
On Wednesday, it emerged that the German authorities plan to lower the threshold for notifying the market of a stake in a company from 5% to 3%.
The International Herald Tribune quoted Deputy Finance Minister Barbara Hendricks as explaining that the move intends to "make it more difficult for funds to creep up on stock companies undetectected".
Commenting on the matter last week, EU Internal Market Commissioner, Charlie McCreevy reportedly argued that the German government was entitled to take such action if it saw fit, and the European Commission would not be taking action against it.
"I don't think we should necessarily start imposing any stance there," he was quoted as observing by Reuters.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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