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US clash over EU privacy rules stymies European funds

US concerns over EU data protection rules are hindering the ability of European hedge funds to raise money from investors in America, say people familiar with the matter.

EU-based funds that have tried to register with the US Securities and Exchange Commission in recent months have not been able to gain approval because of the regulator’s concerns that the General Data Protection Regulation would stymie its attempts to obtain data from the companies.

Source: US clash over EU privacy rules stymies European funds | Financial Times

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