July 30, 2018 BY Valentina Kirilova
ESMA finds shortcomings in national supervision of efficient portfolio management by UCITS
The European Securities and Markets Authority (ESMA) has informed that it has found that national regulators need to improve their supervision of Undertakings for Collective Investments in Transferable Securities (UCITS) engaging in efficient portfolio management techniques (EPM). A recent peer review by ESMA, which assessed the level of compliance of six national competent authorities (NCAs)…
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