Key Takeaways
- • The Managed Funds Association, the hedge fund industry's main lobby group, has backed an SEC proposal to amend Exchange Act Rule 3a12-8.
- • The proposed amendment would add bonds issued by the European Commission on behalf of the EU to the list of designated foreign government debt.
- • Designation would make EU-issued bonds easier to market and trade in the United States, according to the publisher summary.
- • Bloomberg reports that hedge funds are backing the SEC effort to ease US access to EU bond futures.
Summary
The Managed Funds Association, the main lobby group for the hedge fund industry, has expressed support for a Securities and Exchange Commission proposal to amend Exchange Act Rule 3a12-8. According to the publisher summary, the amendment would add bonds issued by the European Commission on behalf of the European Union to the list of designated foreign government debt.
Designation would make these instruments easier to market and trade in the United States. Bloomberg's coverage frames the initiative as a push to ease US access to EU bond futures, with hedge funds lining up behind the regulatory change.
The available reporting does not specify the proposal's timeline, comment period, or expected contract volumes. Readers should consult the SEC's proposal and the full Bloomberg report for further detail.
Designation would make these instruments easier to market and trade in the United States. Bloomberg's coverage frames the initiative as a push to ease US access to EU bond futures, with hedge funds lining up behind the regulatory change.
The available reporting does not specify the proposal's timeline, comment period, or expected contract volumes. Readers should consult the SEC's proposal and the full Bloomberg report for further detail.
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