Brussels, 02/04/2004 (Agence Europe) - The European Commission has just put together a progressive approach to reduce differences between national rules for depositaries used to safeguard assets on behalf of investors in collective investment funds (UCITS) such as unit trusts, common funds and SICAVs. This approach will be implemented over the next two years, in co-operation with the national regulators, and aims to make cross-border operation of UCITS easier. The four main areas of action...