IMMFA Urges Adjustments to UCITS Directive

Jun 26 07

Institutional Money Market Funds Association (IMMFA) Urges Adjustments to UCITS Directive. The body of European mutual fund regulations, UCITS (the Undertaking for Collective Investments in Tranferable Securities), was designed to allow mutual fund investments to be offered throughout a unified Europe. Recent amendment proposals have drawn a response from a money fund trade group. While the letter linked above doesn't deal with European money market fund regulations (which still don't exist), the amendments do touch on some technical points of interest to Dublin and Luxembourg based liquidity fund providers.

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