EFAMA and the European Fund Asset Management Association, said the vote reflects the importance that the seats of the European Parliament on the fund and investor protection.
Regarding the vote in the European Parliament on UCITS V Peter de Proft, Director General of EFAMA said:
“EFAMA will continue to work with the Parliament, the Council and the Commission throughout trilogues. EFAMA wishes the final Directive to deliver a good result for end-investors in relation to the safeguarding of assets and other provisions that benefit end-investors.”