Capital markets union: Council adopts new rules on alternative investment fund managers and plain-vanilla EU investment funds
Today, the Council adopted new rules to improve European capital markets and strengthen investor protection in the EU. The directive adopted today amends the alternative investment fund managers directive, which governs managers of hedge funds, private equity funds, private debt funds, real estate funds and other alternative investment funds in the Union. The directive also modernises the framework for undertakings for collective investment in transferable securities (UCITS), i.e. plain-vanilla EU-harmonised retail investment funds such as unit trusts and investment companies.
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