LONDON/DUBLIN-UCITS IV, the amendment to the UCITS III regulatory directive aimed at creating a single European market for investment funds, could potentially be dropped after the European Commission has postponed publication of a draft proposal, according to market participants.
The aim of the UCITS directive was the creation of a pan-European funds market to make open-ended funds investing in transferable securities subject to the same regulation in each member state.
The UCITS IV draft was in
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