IMA disappointed on CESR guidelines on UCITS

29 June 2006

The Investment Management Association expressed its disappointment on CESR’s final guidelines on the notification regime for UCITS. European Regulators have not made more progress in facilitating the single market for investment funds.

Sheila Nicoll, Deputy Chief Executive of the IMA commented that “it is now evident that CESR is not able to go further” and called for the Commission to take steps to simplify the European legal framework for notification.

Press release

© IMA