Date: 5th October 2016
Author:
Type: In the news
The European Parliament has finally passed on plenary vote the newest update of the framework for the EU-authorised investment funds, UCITS V. Progress on this decisive file for retail investors is welcomed, as UCITS funds are one of the most popular retail investment products at EU level. However, the European Parliament unfortunately missed the opportunity to strengthen investor protection by limiting variable pay to the level of fixed pay and by making performance fees go both ways. At this regard, EuroFinUse issued a Call for MEPs for equitable performance fees.
To read the Call click here