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By François-Xavier LE CORRE, Senior Manager – Legal Department, Mc Square
Europe’s latest attempt to deepen its Capital Markets Union is moving from slogans to the operational plumbing that governs cross-border fund business.
A combination of newly adopted rule changes and parallel “market integration” workstreams is putting the investment fund rulebook back under close scrutiny, with reforms that can reshape how management companies are authorised, how they are supervised across borders, and how product innovation is balanced against investor protection. The direction of travel is unmistakable: a more standardised single market for asset management, fewer national frictions, more convergent supervisory practices, and tighter guardrails...
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