The ucits 3 regulation remains unclear and taxation and marketing have not been properly addressed
Ucits 3 regulation has sparked much debate and there are still concerns over its implementation in 2005. Regulations concerning management companies in the second part of the directive are still unclear and there are fears an unfair playing field could be created. On the positive side, the introduction of new products under the first part of the directive has received strong support from the investment community as has the establishment of a simplified prospectus. The main concerns regarding Ucits 3 have been the stringent requirements that management companies have to meet in order to be...
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