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EU pact on easier cross-border selling of investment funds

The European Parliament and EU member states have agreed on new rules to make it easier for EU asset managers to sell funds to a wider range of investors. The Commission's vice president brands the move as, "an important milestone for the Capital Markets Union".

Valdis Dombrovskis, European Commission Vice-President. | Photo: /ritzau/AP Photo/Virginia Mayo

As part of the Capital Markets Union, agreement has now been reached on measures to improve the EU's investment fund market.

According to a press release from the European Commission, the European Parliament and EU member states have signed a political agreement on new rules to make it easier, quicker and cheaper for EU asset managers to sell funds to a wider range of investors.

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