Speaking last week following a seminar on proposed new regulations for the hedge fund industry, Spanish Economy Secretary, David Vegara revealed that the government is considering setting a minimum investment threshold in the funds for both individual and institutional investors.
"In principle (the amount) which we are thinking of is around 100,000 euros," he told reporters.
He went on to explain that the planned regulatory changes, which are designed to ease the provision of financial services while at the same increasing protections for investors, are in the final stages of preparation.
The Spanish Economy Secretary also revealed that the government is considering relaxing or removing the provision in current Spanish law which obliges high risk firms to draw up monthly reports.
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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