Pouring old wine into new skins? : UCITS & asset management in the EU after MiFID : a CEPS-ECMI task force report / Alain Leclair, chairman ; Karel Lannoo [and] Jean-Pierre Casey, rapporteurs ; with contributions from Giovanni Candigliota & Alessandra Chirico
Published
Brussels : Centre for European Policy Studies, [2008]
Foreword -- Executive summary -- Introduction -- 1. The European asset management industry : a survey -- 1.1. Investment funds. 1.2. Insurance companies. 1.3. Pension funds- 1.4. Concluding remarks -- 2. The structure of the investment funds industry -- 2.1. Fee structure in the fund industry -- 3. The 2002 UCITS Amendments and the ongoing review -- 3.1. UCITS II and III -- 3.2. Assessment -- 3.3. The Commission's White Paper and draft release -- 3.4. Coherence of the retail investment product regime in the EU -- 4. MiFID's impact on the fund management industry -- 4.1. Uneven playing fields? -- 4.2. Further impact of MiFID on the asset management sector -- 4.3 MiFID and the distribution of non-harmonised products -- References -- Annex 1. Statistics on asset management -- Annex 2. Basic rules of capital adequacy and asset allocation under the EU's Free Provision of Services Directive -- Annex 3. List of task force members and invited guest speakers
