Brussels, 20/03/2014 (Agence Europe) - On Wednesday 19 March, the EU member states' representatives to the EU on the Coreper committee endorsed changes to the UCITS V directive on collective investment in transferable securities in order to boost security following the Madoff scandal (see EUROPE 11027).
The new rules provide a better definition of the safekeeping and oversight duties of depositories (companies holding bonds bought by UCITS managers). The only bodies now eligible to act as...