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.
Estudo
Autor externo
Udo Reifner (Institut für Finanzdienstleistungen, Hamburg, Germany)
Sobre este documento
Tipo de publicação
Domínio de intervenção
Palavra-chave
- atividade bancária
- consumo
- economia monetária
- EMPRESAS E CONCORRÊNCIA
- financiamento e investimento
- FINANÇAS
- gestão administrativa
- instituições financeiras e crédito
- INTERCÂMBIOS ECONÓMICOS E COMERCIAIS
- investimento
- livre circulação de capitais
- mercado de capitais
- mercado monetário
- necessidades financeiras
- proteção do consumidor
- serviços financeiros
- sociedade de investimento
- valores mobiliários