EU Parliament to Delay Vote on Fund Manager Bonus Rules
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European Parliament lawmakers will delay voting on rules to curb fund manager bonuses as they continue to tussle over details of the plans.
Legislators are weighing changes to draft measures approved by the assembly’s economic and monetary affairs committee earlier this year that would ban managers of so-called UCITS funds from receiving bonuses worth more than their fixed pay and crack down on performance fees, Sven Giegold, the parliament’s lead lawmaker on the dossier, said today in an e-mail.