Efama calls for acceleration in Ucits adoption

The European Fund and Asset Management Association (Efama) is lobbying governments in Asia to adopt pan-European fund standards more quickly. Senior executives of the European funds industry group are meeting with regulators in Hong Kong, Singapore and Taipei to press their case.Asia is an increasingly important market for Ucits-3 funds, and these three markets now account for 70% of cross-border sales beyond European borders. Cross-border registrations in 2006 increased 19% from 2005…