Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-15-Speech-2-400-500"
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"en.20140415.63.2-400-500"2
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"I voted in favour of the undertakings for collective investment in transferable securities (UCITS V) report. This report aims to protect small investors against investment funds that take excessive or unnecessary risks with their money. The reportʼs rules clarify who is liable for mismanagement of funds and tailor fund managersʼ remuneration rules to encourage them to take reasonable risks and a long-run view. Fund managers will be required not to take investment risks beyond what is accepted by their UCITS investors. At least half of the variable part of their remuneration will be paid in the assets of their UCITS, unless the management of UCITS accounts for less than half of the total portfolio. EU Member States will also have to provide in their laws for harmonised administrative penalties for funds that fail to comply with organisational, risk management, and other requirements."@en1
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