EU May Scrap Planned Rules for Overseas Investment Companies
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European Union nations may scrap plans to set uniform rules on the right of overseas-based investment companies to offer services inside the 27-nation bloc.
Officials from a number of governments have called for the plan to be abandoned, Denmark, which holds the rotating EU presidency, said in a document posted on the bloc’s website. The measure was unveiled last year by Michel Barnier, the EU financial services commissioner, as part of a broader overhaul of market regulation.