IMA wants investment trusts excluded from EU fund rules

Salih, Chris
July 2009
Money Marketing;7/16/2009, p3
The article reports on the call of the Investment Management Association (IMA) to exclude the closed-ended investment companies from the European Commission proposed fund manager regulations in Great Britain. According to IMA chief executive Richard Saunders, the investment trusts firms in the country will have a hard time in fitting with the directive framework because they are not regulated entities. Saunders has sent this request to European Union (EU) deputy director general David Wright.


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