The new rules would also require a 'passport' to operate in the EU by 2013 (which is when the directive is likely to be enacted) for funds based in the 27-nation bloc, and by 2015 for all other funds.

这项新规则也要求到2013年（即该指示可能颁布的时候）对在27国集团内的基金交易要求使用一个“通行证”。

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We understand the frustrations that are being expressed, specifically with regard to the need to make sure that Main Street and Wall Street operate by the same set of rules, and the general frustration with the need for jobs and economic growth that creates opportunity for middle-class Americans.

WHITEHOUSE: Press Briefing

Matters are further complicated by other sets of government rules that must be followed by those wishing to operate in the formal economy.

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Neither is there any law establishing its existence or setting out the rules by which it is supposed to operate.

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