On the evening of Wednesday 19 July, negotiators from the Council of the European Union and the European Parliament reached a provisional political agreement on the revision of the Directives on Alternative Investment Fund Managers (AIFMD) and Undertakings for Collective Investment in Transferable Securities (UCITS) governing mutual funds for retail investors.
“We will pave the way for a significant step towards the completion of the Capital Markets Union with stronger and more ambitious...