EP adopted Proposal on UCITS Directive (2nd reading)

23 October 2001

-
The parliament approved the report of Olle Schmidt (ELDR, S) on the UCITS Directive. The Parliament proposes the review period for capital requirement no later than three years after the entry into force. Commissioner Bolkestein stated that he could accept the amendments and noted that the legislation was broadly supported by the financial service industry.

© European Parliament