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  • Authored by: Rueben on Wednesday, July 11 2018 @ 05:19 AM BST
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It determines that any entity with funds under management in excess of €500m (£430m) falls within its scope, so capturing the bigger of the venture capital firms whose mission is so different from investment banking as to make the very idea of them falling under the domain of an EU regulator close to laughable. It is an exercise in disproportionality writ large, yet there is little choice now but to seek to make the best of matters.

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