Welsh Conservatives in the European Parliament
Dr Kay Swinburne MEP

Protectionist proposals for hedge funds directive, Strasbourg 18.05.10




An alliance of the Communist, Green, Socialist and EPP groups in the parliament supported amendments to create a heavily protectionist Alternative Investment Fund Managers (AIFM) directive, which will make it extremely difficult for EU investors to invest in non-EU funds, Syed Kamall MEP, European Conservatives and Reformists group shadow on the directive, warned today.
 

The parliament's Economic and Monetary Affairs committee adopted the proposals last night ahead of a meeting of Finance Ministers in Brussels today. The text adopted by MEPs would reduce the value of workers' pensions funds and make it almost impossible to invest in development-oriented funds in poorer countries. Dr Kamall also warns that it could lead to a retaliation by the US, banning US investment in new green technologies in the EU.
 

After the vote Dr Kamall said:
"There is a coalition of Communists, Greens, Socialists and EPP members who supported a more protectionist directive. However, there is still a significant level of opposition to the rapporteur's position and that should be taken into account. The Council of Ministers is wrong to rush this through. 
 

"The Finance Ministers of France and Germany have said that qualified investors should be able to invest in funds around the world, "irrespective of quality standards set for state-of-the-art European hedge funds". The parliament's position would make this very difficult.
 

"Pension funds would lose value, investment in developing countries and green technologies would dry up and the costs for EU investors will rise unless these plans are made more proportionate. We can improve the registration and transparency of hedge funds while avoiding the Fortress Europe approach of the Communists, Greens, Socialists and EPP alliance."
 

ECR coordinator on the Economic and Monetary Affairs committee, Kay Swinburne MEP, said:
"To single out alternative fund managers in this way when they had no direct involvement in the financial crisis is unwarranted and ill-timed when the flows of investment into research companies are so dependent on non-EU funds into venture capital. These entrepreneurs are the future European growth engine, to starve them of funds now would be a mistake."
 

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Welsh Conservatives
04/12/2013

The European Commission has today designated European Protected Geographical Indication (PGI) status to the well-known Pembrokeshire Early Potato from West Wales.
 
The Pembrokeshire Early Potato was one of only three quality farm products whose applications for PGI status were approved today.
 
The EU PGI schemes protect product names against misuse and under these schemes more than 1200 products are already protected.
  
Commenting on this announcement from the European Commission today Dr Kay Swinburne MEP – who is from West Wales - said:
 
"I am delighted to see that this application to have "Pembrokeshire Earlies" added to the register of PGI products has been approved by the European Commission today."

"Achieving this prestigious status is a clear acknowledgment of the high-quality and distinctive produce we continue to deliver in Wales. Pembrokeshire Early Potatoes thoroughly deserve their place alongside the well-known food and drink products from right across the EU which already feature on the PGI register."

 
26/11/2013

Kay was delighted to host an event to celebrate Higher Education, Science and Innovation in Wales last night in the European Parliament.  The event builds on the British Council’s “Strategic Analysis of the Welsh Higher Education Sector, Distinctive Assets”.  A number of experts spoke to share their views of Welsh HE at the event and how it can develop in the future.
20/11/2013


In advance of the 'Fox-Hafner Report' vote on the single seat for the European Parliament, Kay and the other UK Conservative MEPs feel it is right to draw attention to the fact that the seven-year cost of the dual-seat arrangement comes to £928,000,000. Since her election to the European Parliament in 2009, Kay has strongly supported bringing the monthly Parliamentary meetings in Strasbourg to an end and therefore saving taxpayers a considerable sum of money.

20/11/2013


Kay was delighted to meet Malala Yousafzai, who was awarded the EU's Sakharov Human Rights Prize at the European Parliament today.
 

Following Malala’s speech to the European Parliament, Kay said, “What an inspirational speech Malala gave to the Members of the European Parliament today. As a mother of young children myself, I hope that they can also aspire to achieve like her. Malala is an exceptional young lady who has overcome adversity by tremendous force of character and a passionate belief in the right of everybody to enjoy and benefit from education.”   

12/11/2013



Kay was very pleased to meet with members of the Advanced Manufacturing Research Group at the European Parliament in Brussels, one of four groups set up in key Welsh research strengths to engage with EU research funds. The delegation visiting Brussels included representatives from Cardiff University, Bangor University, Swansea University and Trinity St.Davids University.

23/10/2013
In advance of tomorrow's European Council meeting of leaders, Dr Swinburne has echoed the recommendations made in a recent report published by a number of business leaders, which highlights the importance of removing barriers to business competitiveness in Europe and getting rid of burdensome legislation by cutting EU red tape.

 
Last year Dr Swinburne encouraged businesses in Wales to highlight to the European Commission which over-burdensome regulations they would like to see slashed, by writing to small businesses all over Wales and asking them to tell her their red-tape problems.
08/10/2013


Electronic cigarettes no longer face being taken off the shelves by the EU after Conservative MEPs were successful today in amending EU legislation on tobacco labelling.

Conservative MEP's led the amendment to defeat proposals that would have classified e-cigarettes as medicinal products, meaning they would have to undergo an overly burdensome and costly authorisation procedure, which would go beyond the procedures for traditional tobacco products... (Read more under 'Articles')

 


18/09/2013


Welsh Conservative MEP Kay Swinburne has been sitting down with leaders in Europe's biotech field to choose the top five candidates to compete in this year's EuropaBio Most Innovative EU Biotech SME Award.

As a member of this year's judging committee, Kay is once again supporting the EuropaBio award, which has attracted applications from all three sectors of biotechnology - healthcare, industrial and agricultural, from across the EU... (Read more under 'Articles')

11/09/2013


WELSH Conservative MEP Dr Kay Swinburne today hailed a vote in the European Parliament as a "wake-up call" in the battle to save Europe's endangered languages.

MEPs meeting in Strasbourg backed a report which calls on governments across the EU to develop action plans to encourage continued linguistic diversity.

The report, written by Corsican MEP François Alfonsi, also says governments should be "more attentive" to threats which may lead to languages becoming extinct.

Dr Swinburne, who was a shadow rapporteur for the report, has argued that Welsh can be seen as a positive example of language revitalisation which communities across the EU should follow... (Read more under 'Articles')

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National Political Party: Conservative Party
European Group: European Conservatives and Reformists Group (ECR)

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© Copyright Kay Swinburne 2013 | All rights reserved. | Photographs of the Parliament supplied by Adam Issacs.
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