Proposed changes by Brussels to the rules regulating the European investment fund industry are too timid and will leave investors disadvantaged, a new report has warned.
The study, by the Centre for European Policy Studies, a Brussels think-tank, and the European Capital Market Institute, claims that the so-called UCITS directive, which regulates the EU investment fund industry and covers assets under management worth about €6,000bn ($9,500bn, £4,800bn) is “in need of much more radical review than what is discussed at the moment”.
