15/04/2008 (Agence Europe) - When asked about the timetable for revising the directive governing undertakings for collective investment in transferable securities (UCITS), the spokesman for European Internal Policy Commissioner McCreevy said, on Monday 14 April, that it was “hardly likely that things would start moving until end April. Everything has been suspended”. And yet, it was at this date that a proposal for revision had been expected (see EUROPE 9636, 9619). Controversy divides...