ESMA has just published its highly anticipated advice to the European Commission on the review of the UCITS Eligible Assets Directive, marking a significant milestone in shaping the regulatory framework governing where UCITS funds may invest. This comprehensive advice seeks to enhance clarity and uniform application across EU jurisdictions, with a particular focus on investor protection, diversification, and cross-border market harmonisation. ESMA's work on this file aligns with the EU's broader ambition to create a robust Savings and Investment Union, where retail investors can benefit from better access to a wide range of assets under high standards of investor protection. The European Commission is set to take these recommendations into consideration when revisiting the Directive, a move that could further streamline and unify UCITS rules in the near future.
Discover the full version of ESMA's advice by following the link below.
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