EFAMA
UCITS sales slide by 17bn
Sales of UCITS dropped sharply by 17bn (£13bn, $20bn) in November, despite a surge in the sale of European long term funds throughout the month.
European Commission approves long-term
Proposals regulating the use of European long-term investment funds (ELTIFs) will be adopted before the end of the year after they were approved by the European Commission last week.
United Kingdom | 26 Nov 14
Regulatory reforms a significant burden
The “unprecedented wave” of regulatory changes will “present a significant burden” to asset managers, said EFAMA’s Peter De Proft.
UCITS record steep sales drop
UCITS sales dropped by 27bn in September despite robust long-term sales, reports EFAMA.
UK failing to protect compromised finance sector
The UKs finance industry has been compromised in numerous ways by EU reforms, and has not done enough to protect its national interests, the Wealth Management Association (WMA) has said.