Consumer protection aspects of the UCITS amending directives of 17 July 1998

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Series Details ECON 121 EN (May 2000)
Publication Date May 2000
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The so-called 'UCITS Directive' of 1998 went some way towards the creation a single market for unit trusts, based on the principle of home-country control. The Commission has recently made proposals to allow a wider choice of investments by funds and further open up the market; and these have given rise to considerable debate - not least in the European Parliament - on such issues as 'tracker' and 'master feeder' funds. Professor Udo Reifner outlines the main provisions of the proposed legislation, and analyses them from the perspective of investor protection, which he believes should not be ignored in the search for market liberalisation. The amendments voted by Parliament at first reading are appended in an Annex.

Source Link Link to Main Source http://europarl.europa.eu/workingpapers/econ/pdf/121_en.pdf
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