News
Spain's new rules focus on smaller investors
The Spanish government published new draft regulations for the investment fund industry on Monday, intended to better protect small investors and increase the range of possible investments on offer.
The new rules, which still must be approved by a high-level state council, could come into force in October, the Treasury said.
The Spanish investment fund industry manages almost 300 billion, or $362 billion, on behalf of eight million investors. The new rules distinguish between hedge funds and exchange-traded funds for the first time.
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