May 14 2018
Comments of the German Banking Industry Committee on the European Commission's legislative proposal for a Regulation on facilitating cross-border distribution of investment funds and a Directive on cross-border distribution of investment funds
On 12 March 2018, the European Commission published two legislative proposals to remove obstacles to the cross-border distribution of investment funds and asked for feedback. According to the European Commission, the amendments aim to remove the negative impact of (regulatory) barriers for asset managers wishing to offer their investment funds in another Member State where they provide cross-border services or establish a branch in that other Member State. GBIC commented on this on May 9, 2018.