Ucits revisions give Asian voices a chance
Although costs to fund managers are certain to rise in some parts of the Ucits world, the European Commission’s consultation could lead to a regime more acceptable to Asian regulators.
When the European Commission proposes a raft of new regulation, the usual response from the funds industry is a collective groan.
Now the Commission is hitting the industry with two revisions to its Undertaking for Collective Investments in Transferrable Securities, or Ucits, regime. This time, however, Europe is looking to the industry for ideas on how to improve the regime.
It is an overhaul that many fund managers may come to welcome, particularly if it results in a Ucits str…
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