European fund managers seek united voice on EU laws

LONDON – Two leading trade bodies representing European fund managers are looking at ways of providing a united voice on European Union (EU) laws and rules affecting them, including the EU’s third capital adequacy directive or Cad 3.

The London-based European Asset Management Association (EAMA) and Brussels-based FEFSI – the European Federation of Investment Funds and Companies – said today a joint working party will report before the end of the year on ways of achieving this aim. EAMA represents the fund management trade associations of the UK, France, Italy, Spain and Ireland and 29 asset management companies. FEFSI is an umbrella organisation for the investment fund industry in the 15 nations of the EU as well as

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