EU proposes consistency in fund registration

The European Union has proposed radical changes to the funds regime that would benefit asset managers and investors. They could lead to a more consistent approach to the regulation of funds across Europe. If enacted, the proposals contained in a Green Paper produced by the European Commission called 'Enhancing the EU Framework for Investment Funds', could make it easier to merge funds, pool assets from funds based in different EU countries and make regulation and the Ucits III regime more consistent across Europe. One example that has been highlighted by asset managers is that some deri...