Brussels, 28/05/2009 (Agence Europe) - On Thursday 28 May, Commissioner McCreevy (Internal Market) announced that he intends to launch a legislative initiative to better protect investors in transferable securities. This initiative will clarify and strengthen provisions of the UCITS 85/611/EEC directive, particularly as regards the liability of depositories. A consultation will be launched before the end of June to deal with stakeholders' views. The Commission believes that retail investors...