Brussels, 06/02/2006 (Agence Europe) - The European Commission has appointed the members of two expert groups that will look at how the EU framework for investment funds could be improved. The first group will work on a series of questions linked to retail investment funds (UCITS) and the second will deal with the current organisation of the alternative investments business. The groups' reports on their findings will be submitted in June 2006 and will be discussed with interested parties. The reports and reactions will feed the Commission's White Paper on investment funds and related impact assessment work, scheduled for publication in October 2006. The creation of these groups was proposed in the Green Paper of July 2005 on investment services. European professional associations were invited to put forward their representatives from December 2005. (The list of experts can be found at http://www.europa.eu.int/comm/internal_market/securities/ucits/index_en.htm #experts)