Press Release: Financial services: industry reports recommend improvements to EU investment fund framework

The European Commission has published three industry reports that analyse the main challenges facing different segments of the EU investment fund industry, focusing respectively on retail investment funds (UCITS), hedge funds and private equity. The reports were prepared by the expert groups on investment fund market efficiency and alternative investments (see IP/06/96), and are a follow-up action to the Green Paper on the enhancement of the EU framework for investment funds and long-term savings vehicles (see IP/05/927). While they do not necessarily represent the views of the Commission, the reports and stakeholders' reactions to them will contribute significantly to the policy debate on improving the operating environment for Europe's asset management industry. In particular, they constitute an important input to the forthcoming White Paper on strengthening the single market framework for investment funds, scheduled for publication in November 2006. The reports will be debated at an open hearing in Brussels on 19 July 2006.

European Commission: MEMO/06/264: Frequently Asked Questions (FAQs) on EU Investment Fund Industry http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/06/264&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: DG Internal Market and Services: Financial Services: Securities and Investment Funds: Asset Management http://ec.europa.eu/internal_market/securities/ucits/index_en.htm

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