New rules to update Europe’s asset fund market

European Union regulators promised to modernise the rules governing the asset management industry in a long-awaited white paper published 16 November 2006 on enhancing the single market in investment funds.

European Commission: Press Release: IP/06/1569: Financial services: Commission sets out vision for modernising EU investment fund market http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/1569&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Internal Market and Services: Financial Services: Securities and Investment Funds: Asset Management http://ec.europa.eu/internal_market/securities/ucits/index_en.htm

European Commission: COM (2006)686: White Paper on Enhancing the Single Market Framework for Investment Funds http://ec.europa.eu/internal_market/securities/docs/ucits/whitepaper/whitepaper_en.pdf

Investment Management Association: Press Release, 16.11.06: The end of the beginning - European Commission commits to simplifying EU Legislation for UCITS http://www.investmentuk.org/press/2006/20061116.asp

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