CESR begins preparations for new role in the regul

CESR begins preparations for new role in the regulation of asset management and unit collective investment schemes (UCIT

CESR's consultation paper set out today how it proposes to prepare for its new role in the regulation of Asset Management and Unit Collective Investment Schemes (UCITS) in Europe. This also includes establishing how European securities regulators will work until these responsibilities are transferred to CESR from the UCITS Contact Committee established by the Commission and includes specific areas where it proposes to begin work.