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Europe Daily Bulletin No. 12187

6 February 2019
Contents Publication in full By article 15 / 32
ECONOMY - FINANCE - BUSINESS / Finance
European Parliament/Council agreement on rules facilitating cross-border distribution of investment funds
Brussels, 05/02/2019 (Agence Europe)

Representatives of the European Parliament and the Romanian Presidency of the Council of the EU reached a provisional political agreement on Tuesday 5 February on proposals for a regulation and directive to facilitate and simplify the cross-border distribution of harmonised investment funds in the EU (see EUROPE 11979).

Currently, 70% of the total assets under management are held by investment funds authorised or registered for distribution only in their domestic market. Only 37% of UCITS...

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