Doors open to Asia consultation: European Commission
Tilman Lueder, head of asset management at the commission’s directorate for financial services, sees a need to consult Asian regulators over Ucits rules as these tighten further.
The European Commission says Asian regulators or industry voices have not played a role in how Brussels drafts its funds regulations, but that this should change. As the EU looks to introduce stricter rules on Ucit funds, Asian fund managers and regulators should take up this offer.
Speaking at the Asian Financial Forum in Hong Kong in a panel session moderated by this writer, Tilman says views from Asia would be welcome but that no one had made the effort during the EU’s consulta…
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