SEC says US unable to meet EU equivalence criteria

This is potentially very big news. The Hedge Funds Review is reporting that senior regulators at the SEC have stated that the U.S. is unlikely to be able to comply with the equivalence criteria proposed by the European Union (EU) parliament. This could mean that US hedge funds may not be able to market to European investors. Obviously this is a developing story and it is extremely unlikely that the European markets would ever be closed to US funds, however, this is very significant news and needs to be continually monitored.