ECOFIN Ministers agreed on a general approach that introduces a "European passport" for fund management firms which will help improve the integration of the European market for asset management.
Council agreed to introduce a "European passport" for fund management firms will help improve the integration of the European market for asset management. The crossborder mergers of UCITS as well as the crossborder marketing of UCITS should be facilitated, and a standardised ‘key information for investors’ summary should be introduced.
General Approach
Further ECOFIN results here
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Council General Approach - UCITS.pdf
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