On 16 July 2008, the European Commission adopted a proposal for a Directive containing amendments to the UCITS Directive. In parallel, the European Commission has requested the Committee of European Securities Regulators (CESR) to provide advice that will help the European Commission to develop provisions permitting the introduction of a management company passport under conditions that are consistent with a high level of investor protection.

CESR has now published a Call for Evidence on the UCITS asset management company passport. Comments are invited by 22 August 2008.

View CESR launches a Call for Evidence on the UCITS asset management company passport, 17 July 2008