The European Fund and Asset Management Association (EFAMA) says the vote on UCITS V, which rejected a plan to cap fund manager bonuses, is testament to the importance the European Parliament places on UCITS and investor protection.
Peter de Proft (pictured), director general of EFAMA, says: “EFAMA will continue to work with the parliament, the council and the commission throughout trilogues. EFAMA wishes the final directive to deliver a good result for end-investors in relation to the safeguarding of assets and other provisions that benefit end-investors.”
