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Europe Daily Bulletin No. 9624

18 March 2008
Contents Publication in full By article 26 / 43
GENERAL NEWS / (eu) eu/financial services
Industry recommends European framework for open-ended real estate funds

Brussels, 17/03/2008 (Agence Europe) - A report by a group of European experts on open-ended real estate funds or OEREF has recommended European legislation to provide cross-border retail distribution of this kind of investment funds which specialise in high quality real estate assets (see EUROPE 9447). The report will be discussed at an open hearing on funds which do not come under directive 85/611/EEC governing Undertakings for Collective Investment in Transferable Securities (UCITS)....

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