Brussels, 04/12/2013 (Agence Europe) - Member states' representatives to the EU, on the Coreper committee, have reached agreement in principle on the review of the UCITS directive that requires harmonised investment funds to apply certain pay and pension rules to ensure healthy risk management.
The pay rules apply to senior managers whose jobs involve financial risks or who manage funds. The agreement reached at Coreper on Wednesday 4 December lays down that the member states shall require...