THE UK investment industry has called for plans in the European Commission's white paper on simplifying UCITS legislation to be implemented as soon as possible to avoid unnecessary costs.
Last week’s publication of the EU White Paper on Enhancing the Single Market Framework for Investment Funds has been supported across the industry. According to the Investment Management Association(IMA) the move indicates “a very strong and welcome commitment by the EU Commission to take concrete steps to improve the efficiency and cost-effectiveness of European investment funds”. The paper, which marks the end of two years of consultation on the way forward for Undertakings for Collective Investment in Transferable Securities (UCITS), has, according to the IMA responded very positively...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
