Investment Association responds to EU Commission’s consultation on cross border investment funds
In response to the European Union Commission's consultation on how to improve and boost cross-border investment funds in the EU Single Market, Guy Sears, Interim Chief Executive of the Investment Association, said:
"Capital Markets Union was born from Commissioner Hill's bold, broad vision to encourage growth and investment across the EU. It will be implemented through serious, detailed work on areas of friction and inefficiency. This call for evidence - looking at cross-border markets for investment funds - is a key component of that detailed work.
"The UCITS regime is already highly successful. Get this work right and people saving into investments should have easier access to these great products. For that reason, I am genuinely encouraged by the fact that the Commission has made it clear that no subject is off limits in trying to identify any unjustifiable barriers."
Notes:
The EU Commission's public consultation on cross-borders distribution of investment funds can be viewed here.
