Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-01-13-Speech-2-019"

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"en.20090113.4.2-019"2
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"Improving the effectiveness of the mechanisms by which UCITS function should, in my opinion, be a priority of Parliament’s work. In order to increase the benefits and competition in the European fund industry, costs to investors should be restricted, guaranteeing them at the same time the same high level of protection. I agree with the rapporteur that the existing prospectus should be replaced by a free document containing key information for investors. It is also extremely important to continue work on the directive in the area of taxation of fund mergers in order to remove tax barriers. Furthermore, and like the rapporteur, I take the position that practical use of the management company passport, which is intended to give management companies the right to offer group portfolio management services in the whole of the EU, would contribute to the creation of a true common market for the fund industry."@en1
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