(AGENPARL) – BRUXELLES gio 20 aprile 2023 Two European Union (EU) directives regulate the EU collective investment funds industry, the Directive relating to undertakings for collective investment in transferable securities (UCITS) and the Alternative Investment Funds Manager Directive (AIFMD). The UCITS, which covers mutual funds, lays down uniform rules, allowing them to be offered cross-border, while the AIFMD, which covers hedge funds and private equity, lays down the rules for authorising, supervising and overseeing the managers of such funds. While reviewing the application of the scope of the AIFMD (as mandated), the European Commission considered that a number of issues highlighted in the AIFMD review were equally relevant for the activities of UCITS. As a result, it proposed to amend both directives, to better align their requirements. The file is currently being discussed by the co-legislators in trilogue. The Council agreed on its general approach in June 2022. Within the European Parliament, the file has been assigned to the Committee on Economic and Monetary Affairs (ECON). It adopted its report in February 2023, and the plenary confirmed the committee’s decision to enter into interinstitutional negotiations. Second edition of a briefing originally drafted by Angelos Delivorias. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Fonte : © Unione europea, 2023 – PE

Fonte/Source: https://www.europarl.europa.eu/thinktank/it/document/EPRS_BRI(2022)729321