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Image header Agence Europe
Europe Daily Bulletin No. 8991
GENERAL NEWS / (eu) eu/financial services

Commission launches consultation on European legislation relating to investment funds (UCITS)

Brussels, 14/07/2005 (Agence Europe) - At the present time there are no “binding arguments” in favour of radically recasting the European legislation on investment funds, Charlie McCreevy said as he presented the European Commission's Green Paper on investment funds in the EU, on Thursday. The internal market Commissioner specified that any impetus to be given to this sector will remain within the “existing legislative framework”. The Green Paper assesses the impact of European...

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