European Commission Issues White Paper Identifying Areas for Improvement for UCITS Framework

January 01, 2007

On November 15, 2006, the European Commission ("EC") issued a white paper (the "White Paper") expressing its views on the ways to simplify the existing European Union ("EU") framework for investment funds while providing attractive and secure investments for investors. The White Paper highlights certain EC proposals that would support a more efficient European fund industry and address the changing needs of European investors.

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