Word on the Street: EU White Paper published next week

An EU White Paper on extending the existing Ucits legislation to ensure investors are protected when...

An EU White Paper on extending the existing Ucits legislation to ensure investors are protected when investing within the European fund industry is to be published next week. A Green Paper released in July last year reported that ever-changing market conditions mean the Ucits framework needs to be reviewed to ensure the development of funds and a high level of investor protection. New fund types are the main catalyst for the directive along with ensuring investors understand these products and the risks they carry. Another proposal put forward is to allow fund managers to operate in o...