CESR publishes a mandate and work programme for its work in the field of investment management. The short-term priority of the newly formed working group will be to focus on ensuring the single market on investment funds is fully functional. The working group will concentrate initially on aspects related to the harmonised implementation of the
UCITS Directives.
It was decided, that the Expert Group should consider in particular the following areas and priorities:
promotion of single market;
supervisory convergence;
harmonised implementation of the UCITS Directives;
simplification of registration procedure for UCITS;
harmonisation of marketing rules for UCITS;
consistency with other EU Directives (e.g. ISD);
common approach to nonharmonised funds;
fund mergers and pooling techniques.
Comments are welcome until 9 July 2004
CESR Mandate
Press release
© CESR - Committee of European Securities Regulators
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