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.
Studio
Autore esterno
Udo Reifner (Institut für Finanzdienstleistungen, Hamburg, Germany)
Informazioni sul documento
Tipo di pubblicazione
Settore di intervento
Parole chiave
- attività bancaria
- consumo
- economia monetaria
- fabbisogno finanziario
- FINANZE
- gestione amministrativa
- IMPRESA E CONCORRENZA
- investimenti e finanziamenti
- investimento
- istituti finanziari e di credito
- libera circolazione dei capitali
- mercato dei capitali
- mercato monetario
- protezione del consumatore
- SCAMBI ECONOMICI E COMMERCIALI
- servizi finanziari
- società d'investimento
- valore mobiliare