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The private equity and venture capital industry is prepared to commit to unify industry professional standards coverage across Europe, the EVCA states in its 300 pages document submitted to the European Parliament and the European Commission on 25 February.
The paper calls for a unified Europe-wide set of standards based on a code of conduct and corporate governance guidelines in the management of private-equity held standards.
Industry is prepared to commit to introduce an enforcement regime making it subject to oversight by the appropriate EU and national supervisory bodies.
The unification of industry professional standards and the establishment of the enforcement regime across Europe could be completed within 12 months, the report states.
The full report is attached below.