Cross-border distribution of collective investment funds
The European Commission recently issued a legislative proposal to increase cross-border distribution of investment funds. This briefing provides an initial analysis of the strengths and weaknesses of the impact assessment accompanying the Commission's proposal. Based on both internal and some external sources, as well as several stakeholder consultations, the impact assessment provides useful information, but lacks coherence and transparency. It acknowledges some limitations, citing lack of data and the influence of other factors, which are out of the scope of the impact assessment. The range of proposed policy options is rather limited for some areas. The impact assessment focuses on average cost effects for asset managers (and for competent authorities), without taking into account social or territorial implications and without analysing, for instance, the effects on SMEs or on the EU27 after Brexit.
Briefing
Sobre este documento
Tipo de publicação
Autor
Domínio de intervenção
Palavra-chave
- análise económica
- aplicação de capitais
- Autoridade Europeia dos Valores Mobiliários e dos Mercados
- comercialização
- comercialização
- dimensão transfronteiras
- direito da União Europeia
- ECONOMIA
- estudo de impacto
- FINANÇAS
- fundo de investimento alternativo
- fundo OICVM
- instituições da União Europeia e função pública europeia
- instituições financeiras e crédito
- INTERCÂMBIOS ECONÓMICOS E COMERCIAIS
- livre circulação de capitais
- mercado de capitais
- proposta (UE)
- regiões e política regional
- regulamentação financeira
- UNIÃO EUROPEIA