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The Asset Management Association of China (AMAC) and the Association of the Luxembourg Fund Industry (ALFI) announced that a joint task force had completed its review of the PRC and European public fund regimes and reported its findings and conclusions to the governing body of each association.
The prime focus of the joint task force was to carry out a review of the rules applied in the People’s Republic of China (PRC) to publicly offered funds (open-ended) and the EU undertakings for collective investment in transferable securities (UCITS) under Luxembourg laws and regulations. AMAC and ALFI have partnered since June 2014, when they entered into a Memorandum of Understanding (MoU) to deepen the collaboration between the two associations. As part of the objective to...
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