EU proposals rattle UK private equity - papers

The British Private Equity and Venture Capital Association (BVCA) said that tighter disclosure requirements for venture capitalists proposed by the EU Committee on Economic and Monetary Affairs "worsens a deeply defective directive" says The Times. It said that a plan to abandon thresholds that would have excluded smaller venture capitalists from new rules, known as the Alternative Investment Fund Managers (AIFM) directive, would cost small operators in the UK a prohibitive £30,000 a year. It also said that it would limit access to capital for small businesses and damage the UK economy. ...