EU to tighten mutual fund rules

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Series Details 29.5.09
Publication Date 29/05/2009
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Standards for depositaries, which oversee regulated mutual funds in Europe, are set to be tightened through new legislation in the wake of the Madoff affair, European Coommission officials announced in Brusseles on the 28 May 2009.
Related Links
European Commission: DG Internal Market and Services: Single Market for Services: Financial Services: Investment Funds http://ec.europa.eu/finance/investment/index_en.htm
EurActiv, 29.5.09: Brussels to raise guarantees for fund investors http://www.euractiv.com/euro-finance/brussels-raise-guarantees-fund-i-news-221912
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