Consumer Protection Aspects of the UCITS Amending Directives of 17 July 1998
The so-called 'UCITS Directive' of 1998 went some way towards the creation a single market for unit trusts, based on the principle of home-country control. The Commission has recently made proposals to allow a wider choice of investments by funds and further open up the market; and these have given rise to considerable debate not least in the European Parliament on such issues as 'tracker' and 'master feeder' funds. Professor Udo Reifner outlines the main provisions of the proposed legislation, and analyses them from the perspective of investor protection, which he believes should not be ignored in the search for market liberalisation. The amendments voted by Parliament at first reading are appended in an Annexe.
Проучване
Външен автор
Udo Reifner (Institut für Finanzdienstleistungen, Hamburg, Germany)
Относно настоящия документ
Вид публикация
Област на политиките
Ключова дума
- банкиране
- БИЗНЕС И КОНКУРЕНЦИЯ
- защита на потребителя
- инвестиционно дружество
- инвестиция
- капиталов пазар
- кредитни и финансови институции
- менъджмънт
- паричен пазар
- парична икономика
- потребление
- свободно движение на капитала
- ТЪРГОВИЯ
- ФИНАНСИ
- финансиране и инвестиране
- финансови изисквания
- финансови услуги
- ценни книжа