IMA welcomes expert group reports on UCITS

03 July 2006

IMA welcomes the Expert Group reports on UCITS as very important step towards cutting costs and enhancing the efficiency of the European asset management.

The report on increasing efficiencies encompasses all of the focused, realistically achievable steps required to enhance the single market. This includes the simplification of the registration process, facilitating cross-border mergers of funds, the creation of a real passport for management companies and allowing funds to be pooled cross-border. IMA also welcomes the call to open up the markets for alternative strategies as stated in the report on alternative investment funds.

Press release

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