Barriers still exist to cross-border distribution of funds

In its report, From UCITS III Toward A Single European Mutual Fund Market, Standard & Poor’s says the EU Commission Green Paper on the enhancement of UCITS III – the EU legislative framework for UCITS which was issued in July 2005 – addresses some of the issues and challenges that face the industry but that further improvements are necessary. The report surveys key players from the European fund management arena who raise concerns over the current legislative framework for UCITS funds and its influence on the cross-border marketing of these funds in Europe. Particular concerns include...