FBE response on future role in the regulation and supervision of UCITS

04 December 2003

In its response to CESR the European Banking Federation (FBE) does not believe that consistency of regulation should lead to any attempt to put in place a uniform approach for individual asset management and collective investments. A clear distinction should be made between the treatment of collective investment portfolios and of individual asset management.

The FBE is also concerned that it is not entirely clear how experts will be appointed to the Consultative Working Group.

FBE paper

© FBE