CESR consults on advice on UCITS Management Company Passport

01 October 2008

CESR is holding a short consultation on its advice to the European Commission on the UCITS Management Company Passport. The consultation period is two weeks only.

CESR is holding a short consultation on its advice to the European Commission on the UCITS Management Company Passport. The consultation period is two weeks only.

 

The European Commission requested CESR’s technical advice on the conditions that are needed to ensure that a management company passport is consistent with the principle that investors in funds that are managed on a cross-border basis should not be exposed to additional legal and operational risks, or lower standards of supervision than investors in domestically managed UCITS.

 

Areas covered by the advice:

 

CESR will hold an open hearing on 13 October 2008 in Paris.

Deadline for responses is 15 October 2008.

 

Consultation paper


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