ESMA's proposals cautiously welcomed

The European Fund and Asset Management Association (EFAMA) says it supports  ESMA's proposals and is in favour of increased investor protection through more transparency and additional requirements for securities lending, collateral management and the use of strategy indices. Peter De Proft, Director General, said EFAMA acknowledged the consultation paper as a “well-thought and nuanced approach that will contribute to the continuous improvement of the already robust UCITS framework in order to make all UCITS even safer for investors, which is at the heart of EFAMA’s priorities.”   Howe...