Industry bodies, including the Investment Association, have welcomed the launch of a consultation into cross-border funds announced by the European Commission, which is set to improve the distribution of UCITS funds within the EU.
The consultation, which is open until 2 October, examines the main barriers to cross-border distribution of investment funds, within a market worth over €13trn. The European Commission is seeking feedback from asset managers and distributors on topics such as the impact of marketing rules, administrative arrangements and regulatory fees. It aims to improve passporting, particularly for smaller funds, by allowing investors to get hold of the right information and enjoy more choice of products. The consultation also supports the creation of a Capital Markets Union (CMU). European Par...
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