Cross-border marketing of Ucits funds is being constrained by the disparate administration practices...
Cross-border marketing of Ucits funds is being constrained by the disparate administration practices of EU member states, according to a new study carried out by the European version of Autif ' Fefsi ' in conjunction with PricewaterhouseCoopers. The main constraints found in the study were cultural and tax differences, impenetrable distribution systems, administrative red tape (costs and registration delays), differences in interpretation by supervisory authorities and disparities in national legislation on consumer protection.
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