Restrictions to UCITS hedge funds being proposed by European regulators
February 11, 2011
European regulators are proposing to change the way that UCITS III funds are classified under the Markets in Financial Instruments Directive or MiFID.
The aim is to stop complex funds being sold freely to retail investors and proposes to tackle the issue of the increasing number of sophisticated strategies within the UCITS wrapper.
The current MiFID regime non-complex products like UCITS fund can be sold freely to retail...
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