Ucits IV includes next steps to single European fund market

Ucits IV is next stage of regulation in European investing, bringing in benefits for product providers and cutting much of the existing red tape

Ucits IV is the next phase of regulation designed to make Europe a true single market for investment funds. The framework is expected to come into force by summer 2011, bringing various benefits for product providers that wish to grow presence across the EU. In contrast to Ucits III, this directive focuses on fund management infrastructure rather than investment powers and risk management. The aim is to cut the red tape surrounding cross-border distribution of investment products within Europe and it should also result in cost savings for fund groups and consumers. The IMA has stron...