On 10 February 2011, the EU Commission published a progress report on regulating financial services for sustainable growth which explores the current wave of EU regulatory reform in the context of four main objectives, namely, better regulation of the financial sector, better supervision, consumer and investor protection, and the proposed crisis management framework. Annex 1 to the report contains a list of outstanding and forthcoming legislative proposals which show UCITS V and revision of the directive on PRIPs scheduled for Q2 2011.