Warning EU proposals will add 'new layer of rules' for cross-border fund sales

European Commission: proposals will make cross-border distribution ‘simpler, quicker and cheaper’

European Commission (EC) proposals to "boost" the cross-border market for investment funds, published on 12 March, will "add yet a new layer of rules" for asset managers to follow, director general of the European Fund and Asset Management Association Peter De Proft has said.