In March 2018 the Commission adopted a proposal for a regulation on facilitating cross-border distribution of collective investment funds, amending the EuVECA and EuSEF regulations, and a proposal for a directive amending the UCITS and the AIFM directives. The proposals aim to improve the transparency of national requirements, remove burdensome requirements and harmonise diverging national rules. Thanks to these measures, the cross-border distribution of investment funds will get simpler, quicker and cheaper. These proposals are part of the Commission action plan on the Capital Markets Union.

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