Implementation of UCITS IV causing problems for French regulator
Thu Nov 25, 2010
The French regulator has voiced concerns about so-called Newcits funds because of the new UCITS rules being enforce next year, according to a report by consultants PriceWaterhouseCoopers.
Regulatory Times published by PwC in Ireland says that
the AMF, the French regulator, has voiced concerns about the
future implementation of UCITS IV and UCITS hedge
IV allows a fund manager to distribute a UCITS fund throughout
Europe after obtaining approval from just one European
The report states: "The AMF...
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