EUROPE - Several European countries could be in breach of an EU Treaty relating to Undertakings for Collective Investments in Transferable Securities (UCITS), according to a joint report by Price WaterHouseCoopers (PwC) and EFAMA.
The report highlighted Belgium and Denmark and, in particular, the UK, Germany and Austria as imposing “burdensome” administrative requirements based on local law on foreign-based UCITS. Such ad...
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