Call for simpler fund registration

The European Fund and Asset Management Association (EFAMA) and the UK's Investment Management Association (IMA) have called for the simplification of registration procedures for funds which are marketed cross-border in Europe. In their report, 'A harmonised, simplified approach to Ucits registration', the EFAMA and the IMA argue that registration has become a time-consuming and costly process, "with little or no justification in terms of investor protection and that which it does deliver being available through a simpler process". This has been caused by asset managers requiring differen...