| 31.03.2006 Opalesque Exclusive: Prime broker activities important aspect of new Spanish hedge fund regulation |
| Matthias Knab reports from Madrid: According to Jorge Canta and Jesus Mordomingo, both lawyers at Cuatrecasas (derechobancario@cuatrecasas.com), the activities of prime brokers new Spanish rules are an important aspect of the new hedge fund regulation. Currently, prime broker regulation is based on the Spanish implementation of the Collaterals Directive (Royal Decree 5/2005). Under these rules, it |