Brussels, 16/11/2006 (Agence Europe) - On Thursday 16 November, the European Commission published a 'White Paper on enhancing the single market framework for investment funds', describing ways of gradually adapting the UCITS Directive (Directive 85/611/EEC on Undertakings for Collective Investment in Transferable Securities) to rapidly changing market needs.
Representing 74% of the EU investment fund market, UCITS is a young, very dynamic market and a driving force in the EU's financial...